{"id":653672,"date":"2013-04-22T08:29:00","date_gmt":"2013-04-22T12:29:00","guid":{"rendered":"http:\/\/paidcontent.org\/?p=228109"},"modified":"2013-04-22T08:29:00","modified_gmt":"2013-04-22T12:29:00","slug":"canada-clears-random-house-penguin-merger","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/653672","title":{"rendered":"Canada clears Random House-Penguin merger"},"content":{"rendered":"

Canada’s Competition Bureau and the Department of Canadian Heritage\u00a0approved the proposed merger<\/a> between Random House and Penguin on Friday. Penguin parent company Pearson and Random House parent company Bertelsmann expect the merger to take place in the second half of 2013.<\/p>\n

Random House and Penguin\u00a0announced their merger last October<\/a>. The\u00a0U.S. Department of Justice\u00a0approved it<\/a>\u00a0in February, followed by\u00a0Australia<\/a>,\u00a0New Zealand<\/a>\u00a0and the European Union<\/a>. Bertelsmann would own 53 percent of the combined company, and Pearson would hold 47 percent. Random House Penguin aims to enter emerging markets and expand its digital businesses.<\/p>\n

The merger awaits approval in China.<\/p>\n

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