| Competition Law Case |
Proposed Acquisition by Times Publishing Limited of Penguin Random House Pte. Ltd. and Penguin Books Malaysia Sdn. Bhd. |
| Parties Involved |
- Times Publishing Limited
- Penguin Group Companies
|
| Focus of Commitments/ Remedies |
To address concerns arising from the merger that the merged entity may foreclose competition at the retail level by discriminating or restricting supply to third party retailers.
* Please direct any complaint in relation to non-compliance of the commitments to the appointed Monitoring Trustee, Evelyn Partners LLP (formerly known as Smith & Williamson LLP), via nasoul.gopal@evelyn.com and michel.alexander@evelyn.com |
| Start Date of Commitments/ Remedies |
2 October 2017 |
| End Date of Commitments/ Remedies |
The commitments will apply during the term of the exclusive distribution agreement by the Penguin Group Companies with the four Penguin publishers up to a period of 12 years from 2 October 2017. |