Pearson and Bertelsmann have been notified by the US Department of Justice that it has closed its investigation into the proposed merger of Penguin and Random House, without conditions.
The two companies announced their agreement to combine Penguin and Random House in October 2012. The proposed merger is currently under review by the European Commission, the Canadian Competition Bureau and various other antitrust authorities around the world. Pearson and Bertelsmann continue to expect the transaction to close in the second half of 2013, after all necessary approvals have been received.
Following completion, Bertelsmann will own 53% and Pearson 47% of Penguin Random House. It will encompass all of Random House and Penguin Group’s publishing units in the U.S., Canada, the U.K., Australia, New Zealand, India and South Africa, as well as Penguin’s operations in China and Random House’s publishers in Spain and Latin America.
UK, London & Germany, Gütersloh & USA, New York, NY
Related links:
- Pearson trading update – continuing tough market conditions Posted on January 22, 2013
- Pearson announces Investment in Nook Media Posted on January 5, 2013
- Pearson announces Investment in Nook Media Posted on January 5, 2013
- Pearson and Bertelsmann agree Penguin and Random House merger Posted on October 29, 2012
- Bertelsmann and Pearson in talks about combining their publishing divisions posted on October 25, 2012
- Pearson acquires online learning business EmbanetCompass for $650M Posted on October 16, 2012
- Pearson – first 6 months results Posted on July 30, 2012
- Pearson to acquire Author Solutions for £116M Posted on July 19, 2012
- Pearson acquires GlobalEnglish for $90M Posted on May 25, 2012
- Pearson acquires Certiport for $140M posted on May 19, 2012
- Bertelsmann acquires digital media agency Smashing Ideas for Random House Posted on May 10, 2011
- 72% rise in profits at Pearson Posted on February 28, 2012
- Pearson to sell 50% stake in FTSE to the London Stock Exchange for £450 million Posted on December 15, 2011
- Skimlinks Raises $4.5 Million Series B Round Posted on November 11, 2011
- Pearson acquires Connections Education Posted on September 15, 2011
- Pearson to acquire Schoolnet for $230M Posted on April 29, 2011
- Pearson agrees to buy Education Development International Posted on March 8, 2011
- Pearson acquires TutorVista – Expands Pearson’s education business in India Posted on January 19, 2011
- Pearson to acquire SEB’s school learning systems business Posted on August 13, 201o
- Pearson to buy Melario for £99.3 million Posted on May 20, 2010
Fusion Corporate Partners 
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