Last November, I blogged about the possible Random House and Penguin Books merger. Or rather, the merger between German conglomerate Bertelsmann (the owner of Random House) and the parent company of Penguin (the British company Pearson). At the time, the merger had not yet been approved by the regulatory agencies. As controversial as the merger was for some, most experts thought it would be approved and that the newly named Penguin Random House would become reality.
Sure enough, it seems they might be right. One major step has made this huge merger possible. As reported by the New York Times and Publishers Weekly, the U.S. Department of Justice (DOJ) has approved the upcoming merger. (more…)