Press Release: Mergers: Commission clears creation of Penguin Random House, combining publishing businesses of Bertelsmann and Pearson

The European Commission has cleared under the EU Merger Regulation the proposed creation of Penguin Random House, combining parts of the publishing businesses of the media company Bertelsmann of Germany and the publishing company Pearson of the UK. The Commission found that the transaction would not raise competition concerns, in particular because the merged entity will continue to face several strong competitors.