Random House, Penguin Merger OK'd By Chinese Regulator

Law360, Los Angeles (June 3, 2013, 6:41 PM EDT) -- The planned merger of Pearson PLC's Penguin Group with erstwhile competitor Random House, owned by media conglomerate Bertelsmann SE & Co. KgaA, came closer to becoming a reality after the Chinese antitrust authority cleared the deal, the parent companies announced Monday.

China's Ministry of Commerce approved the planned merger without conditions, according to the companies. Regulatory bodies in the U.S., Europe, Australia, New Zealand, Canada and South Africa previously cleared the bid.

The international media companies said Monday that they plan to close the transaction, subject...
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