EU Commission clears acquisition of Skoobe by Klio, Holtzbrinck, Verlagsgruppe Random House and Arvato CRM Solutions

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of the whole of Skoobe GmbH by Klio GmbH, Georg von Holtzbrinck GmbH & Co. KG ("Holtzbrinck"), Verlagsgruppe Random House GmbH ("Random House") and Arvato CRM Solutions GmbH ("Arvato"), all of Germany. Skoobe offers the temporary rental of e-books over its online platform www.skoobe.de and via its own application. Klio is active as a book retailer. Holtzbrinck is an international media company that is active in trade-book publishing, education and science, newspapers and magazines as well as electronic media and services. Random House is a publishing house of Bertelsmann SE & Co KGaA ("Bertelsmann") active in the area of fictional and non-fictional books, books for children and adolescents, audio and e-books. Arvato is an international service company of Bertelsmann offering various technical services. Bertelsmann is an international media, services and education group. The Commission concluded that the proposed acquisition would raise no competition concerns, because Skoobe has negligible actual and foreseen activities within the European Economic Area. The transaction was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.9125.

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