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Penguin-Random House merger set

June 4, 2013
THE ASSOCIATED PRESS

NEW YORK - Two of the world's largest publishers, Random House Inc. and Penguin Group, expect to complete a planned merger next month.

Parent companies Bertelsmann and Pearson announced Monday that the merger had been cleared by anti-trust authorities in China, among the last countries to give approval. The new publishing house, Penguin Random House, will be 53 percent controlled by Bertelsmann.

 
 

 

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