PublishersLunch
The Penguin Random House merger cleared
another regulatory hurdle Friday morning as Australia's Competition and
Consumer Commission will
approve the deal, the two publishing houses announced Friday.
"Bertelsmann and Pearson welcome this ruling as an important step on the
path towards completing the planned transaction," the companies said in a
joint statement, adding they "are confident of receiving [the]
approvals" from other international antitrust regulatory bodies "over
the course of the year."
New Zealand's Competition Commission, which
was also expected to arrive at a decision by the end of this week, has
postponed the date to April 5. And as we reported previously, the European
Union will
also post its "provisional decision" on April 5, while there is
still no word on what the Canadian authorities will do and when.
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