Penguin Random House merger expected to be completed in July following approval in China
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The merger of Penguin and Random House is expected to be completed next month, following the approval of the proposed merger by the Chinese Ministry of Commerce this week. Penguin parent company Pearson said in a statement that MOFCOM ‘has cleared the planned merger ... without conditions’ and that Pearson and Random House parent company Bertelsmann now ‘expect to close the transaction in July’.
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- Companies:
- Pearson Company
- Places:
- China
- South Africa
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