US government won’t stop Random, Penguin deal

The Justice Department has closed an investigation of a proposed merger between Penguin and Random House and will take no action to stop the deal that would create the world’s largest publisher of consumer books.

Media company Pearson seeks to merge its Penguin Books division with Random House, which is owned by German media company Bertelsmann. The proposed publishing house would have around a quarter of the consumer book market.

via Business feed http://www.scmp.com/business/companies/article/1150793/us-government-wont-stop-random-penguin-deal