Random House, Penguin Merger Plan Gets DOJ's Nod

Law360, New York (February 14, 2013, 4:03 PM EST) -- Pearson PLC publishing house Penguin’s planned merger with erstwhile competitor Random House, owned by media conglomerate Bertelsmann SE & Co. KgaA, took a big step forward Thursday when the U.S. Department of Justice cleared the bid.

The DOJ’s approval of the merger was without conditions, Penguin said in a statement Thursday. The publishing house expects the deal, which was first announced in October, to close in the second half of 2013 after receiving other antitrust approvals from Chinese regulators and other agencies around the world including...
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