BRUSSELS CLEARS BERTELSMANN DIGITAL DEAL
August 1st, 2010
BY KEITH NUTHALL
THE EUROPEAN Commission has cleared the creation of a joint-venture by German media companies Bertelsmann and Holtzbrinck to operate an online distribution platform to sell e-books. Called Premium Vertriebs GmbH, the new business will sell all kinds of books, but focus especially on German language digital products. The Commission had investigated the deal as the European Union's (EU) most senior competition authority, but despite the size of both parent companies, it has concluded it would not harm consumer choice in the EU and approved the ...
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