REG - Competition and Mkts - PENGUIN RANDOM HOUSE / SIMON & SCHUSTER

Bertelsmann SE & Co KGaAAnnouncement

22/03/2021 08:05

RNS Number : 9161S
  
Competition and Markets Authority
  
22 March 2021
  
 

Start of CMA Merger Investigation: ANTICIPATED ACQUISITION BY PENGUIN RANDOM HOUSE LLC OF THE SIMON & SCHUSTER BOOK PUBLISHING BUSINESS
 
The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services. 
 
The CMA announced the launch of its merger inquiry by notice to the Parties on 19 March 2021 and has a deadline of 19 May 2021 for its phase 1 decision.

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