German media operator Bertelsmann and English publishing and education service provider Pearson (NYSE: PSO) last Friday declared that merger between Random House affiliated to Bertelsmann and Penguin Group under Pearson has gotten approval from the Ministry of Commerce (MOFCOM) of China and will be completed next month.
Earlier, the deal has been nodded by anti-monopoly administrations in the US, the Europe Union and New Zealand. The approval from the MOFCOM will further pave the way for the successful implementation of the merger.
Source:
http://www.sinocast.com/readbeatarticle.do?id=94367