Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Pearson plc    PSON   GB0006776081

PEARSON PLC (PSON)

28
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

EU to decide on Bertelsmann, Pearson publisher deal by April 5

02/27/2013 | 06:19am US/Eastern

EU antitrust regulators will decide by April 5 whether to clear plans by Germany's Bertelsmann (>> Bertelsmann AG) and Britain's Pearson (>> Pearson plc) to merge their publishers Random House and Penguin.

EU antitrust regulators will decide by April 5 whether to clear plans by Germany's Bertelsmann (>> Bertelsmann AG) and Britain's Pearson (>> Pearson plc) to merge their publishers Random House and Penguin.

Europe's largest media company Bertelsmann, owner of Random House, and Pearson, which owns the Financial Times as well as Penguin, filed for EU approval of their proposed joint venture on Tuesday, the European Commission said on its website on Wednesday.

The deal, unveiled in October, aims to strengthen the companies' bargaining power against Amazon (>> Amazon.com, Inc.) and Apple (>> Apple Inc.), especially in the fast-growing e-book market.

The merged company, to be named Penguin Random House, will bring under one roof fantasy novelist Terry Pratchett, "Fifty Shades of Grey" author E.L. James and 2012 Nobel prize winner Mo Yan.

Some antitrust experts say the deal may attract close regulatory scrutiny because of evolving industry trends.

But others disagree, saying that the two publishers have different geographic presences, with Random House strong in Britain and the United States while Penguin is strong in fast-growing developing markets.

(Reporting by Foo Yun Chee; Editing by Hans-Juergen Peters)

Stocks treated in this article : Apple Inc., Amazon.com, Inc., Bertelsmann AG, Pearson plc
React to this article
Latest news on PEARSON PLC
10:33a PEARSON : Executive Sells 57,000 Shares (DIRECTOR DEALINGS)
04:58a PEARSON : Lets Talk Computers: Michael Miller from Que Publishing and Mark Coleg..
01:12a PEARSON : *traders: ubs raises pearson price target to 1400 pence
03/02DJCredits & Debits
03/02 PEARSON : *nomura lifts pearson plc (pso) to neutral from reduce
03/02 PEARSON : Lets Talk Computers: Michael Miller from Que Publishing and Mark Coleg..
03/02 PEARSON : *nomura raises pearson to 'neutral' ('reduce') - target 1400 pence
03/02 PEARSON : *traders: nomura raises pearson to 'neutral' ('reduce')
02/27 PEARSON : *s&p capital iq raises pearson price target to 1320 pence - 'sell'
02/27DJPearson Confident of Bright Future After Completing Restructuring Plan--2nd U..
Advertisement
Chart
Duration : Period :
Pearson plc Technical Analysis Chart | PSON | GB0006776081 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF