Random Penguin Merger Approved

The merger of Penguin and Random House has been approved by the US Department of Justice. The DoJ notified Bertelsmann and Pearson “that it has closed its investigation into the proposed merger of Penguin and Random House, without conditions,” according to a statement. The approval comes just under four months after the deal was announced, remarkably fast for the DoJ. This makes the US the first country to approve the merger; Canada and the European Commission, along with “various other antitrust authorities around the world” have yet to finish their review of the proposal.

For more see the article in the New York Times.