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Competition and Consumer Commission of Singapore
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

Proposed Acquisition by Times Publishing Limited of Penguin Random House Pte. Ltd. and Penguin Books Malaysia Sdn. Bhd.

Parties Involved

  • Times Publishing Limited ("TPL")

  • 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.

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.