Bertelsmann SE & Co. (owner of Random House) and Pearson plc (owner of Penguin) seek clearance to form a new jointly-owned company to be called Penguin Random House, which will acquire the retail book publishing businesses of Random House and Penguin. In considering the application, the Commission’s role is to determine whether the acquisition would harm competition in the market to the extent that there would be a substantial lessening of competition.
Friday, December 21, 2012
Penguin/Random Seek Clearance For Joint Venture
http://www.infonews.co.nz/news.cfm?id=101519
Bertelsmann SE & Co. (owner of Random House) and Pearson plc (owner of Penguin) seek clearance to form a new jointly-owned company to be called Penguin Random House, which will acquire the retail book publishing businesses of Random House and Penguin. In considering the application, the Commission’s role is to determine whether the acquisition would harm competition in the market to the extent that there would be a substantial lessening of competition.
Bertelsmann SE & Co. (owner of Random House) and Pearson plc (owner of Penguin) seek clearance to form a new jointly-owned company to be called Penguin Random House, which will acquire the retail book publishing businesses of Random House and Penguin. In considering the application, the Commission’s role is to determine whether the acquisition would harm competition in the market to the extent that there would be a substantial lessening of competition.
