EU Commission clears the acquisition of Penguin by Bertelsmann

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Penguin Random House (“PRH”) of the US by Bertelsmann SE & Co. KGaA (“Bertelsmann”) of Germany. PRH is a media company active in trade publishing. Bertelsmann is active in television and television production, trade publishing, magazine publishing, and music rights management services. The Commission concluded that the proposed acquisition would raise no competition concerns, because Bertelsmann already holds 75% of PRH and the transaction merely implements a transition from joint to sole control, without introducing significant modifications of pre-existing competition. 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.9710.

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