Commitments and Remedies
Proposed Acquisition by Times Publishing Limited of Penguin Random House Pte. Ltd. and Penguin Books Malaysia Sdn. Bhd.
2 October 2017
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Competition Law Case | |
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Parties Involved |
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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. |
Start Date of Commitments/ Remedies | 2 October 2017 |
End Date of Commitments/ Remedies | 26 November 2025 CCS released TPL from the commitments with effect from 26 November 2025 pursuant to section 60A(6) of the Competition Act, having assessed that there has been a significant reduction in TPL’s presence in the market for the retail sale of English-language only print trade books since CCS’s conditional clearance of the Proposed Transaction in 2017. |