Publishers Lunch
China's antitrust authority has
"cleared the planned merger of Penguin Group and Random House without
conditions," the two publishers reported, and they "welcome the
Beijing authorities' decision as an important step toward the combination of
their respective publishing companies."
This was the final international approval
required for the deal to go through, so "subject to the integration
planning, Bertelsmann and Pearson are confident about being able to close the
transaction in July 2013."
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