Pearson Gets Green Light on REDgroup Online Acquisition

In Global Trade Talk by Hannah Johnson

By Hannah Johnson

Pearson Australia Group

The Bookseller+Publisher reports that the Australian Competition and Consumer Commission (ACCC) “will not oppose the acquisition of REDgroup Online by Pearson Australia Group.”

Pearson announced in July of this year that it had reached an agreement with the REDgroup to acquire the websites of Borders and Angus & Robertson in Australia, which include online bookstores and app bookstores.

In response, the Australian Booksellers Association (ABA) requested that the ACCC conduct an investigation of this proposed takeover. The Bookseller reported that the ABA believes the takeover would “create monopolies in the supply chain” and give an unfair advantage in the marketplace to Penguin books, owned by Pearson.

The acquisition was completed on July 27, and the websites continue to run as before, with the staff relocating to the Pearson headquarters.

About the Author

Hannah Johnson

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Hannah Johnson is the Publisher of Publishing Perspectives. Before joining PP in 2009, she worked as Project Manager at the German Book Office New York.