PRH deal for S&S won't affect UK competition, watchdog says

PRH deal for S&S won't affect UK competition, watchdog says

The UK’s Competition & Markets Authority (CMA) has revealed it cleared Penguin Random House owner Bertelsmann's acquisition of Simon & Schuster last month because the two publishers are not viewed as close competitors as far as the UK is concerned.

In its full decision, published on 4th June, the CMA said it does not believe the merger would result in a substantial lessening of competition in the UK market. It said, while PRH is the largest publisher of trade books in the UK with a 20%–30% share of supply according to Nielsen data, the increment from the merger “will be small” at approxima...

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