Late Friday afternoon the Canadian Competition Bureau and the Department of Heritage cleared the Penguin Random House merger “without conditions,” as was the case in earlier approvals by the EU, Australia, New Zealand, and the US Department of Justice. In a joint statement Penguin and Random House said they “welcome the Canadian authorities’ decision as another important step on the way to completing the combination of their respective publishing companies.” China remains the only country left to sign off on the deal, and we understand there is no timetable available for when they might do so. As before, Pearson and […]
