Penguin and Random House Merger Approved in Canada

random-house-penguin11Penguin and Random House intend to merge and have been submitting approval documents to regulatory authorities in all of the major countries they operate in. When the two companies join forces, they will account for 1/4 of all books published. It was announced late Friday that the Department of Canadian Heritage and the Canadian Competition Bureau have both approved the proposal “without conditions.”

Read the full article @ goodereader.com.

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