Thirteen months after first making an offer, Mondadori has won conditional approval of their 127.5 million euro purchase of RCS Mediagroup’s Rizzoli book publishing division from Italy’s Antitrust Authority. RCS told shareholders the closing of the deal is set for mid-April. In line with the preliminary recommendations we reported on at the beginning of the month, the government is requiring that Mondadori sell RCS’s Bompiani and their 51 percent share in Marsilio/Sonzogno. The commission also is requiring a variety of “behavioral measures to stimulate competition in the activity of the publishing and distribution of books” that include the “waiver of the option […]
