More On

DOJ approves Penguin/Random House merger

The new company would be the biggest publisher in the world

It has been a big week for big mergers. Yesterday, American Airlines and US Airways agreed to an $11 billion merger that will create the largest airline in the world.

Then, on the heels of that announcement came the news that the Department of Justice (DOJ) has approved the proposed merger of Penguin and Random House, a marriage that would create the largest book publisher in the world, controlling 25 percent of the English-language consumer book market.

Join the Conversation

Advertisement. Closing in 15 seconds.