A judge in the United States has blocked the Penguin Random House merger, crushing Bertelsmann's development plans.

A US federal judge barred the €2.3 billion merger between Penguin Random House and Simon & Schuster on Monday after concluding that the transaction may "substantially" impair competition "in the market for the US publishing rights to expected best-selling novels."

FIAT CHRYSLER AND PSA ALL SET TO COMPLETE THEIR MERGER

Highlights

• The $52 deal, which was announced in the month of October 2019, got shelved for a year courtesy of the coronavirus pandemic

• According to the reports, shares in Stellantis will start trading in Milan and Paris on Monday, and on Tuesday in New York

KFTC REVIEW THE DEAL BY KOREAN AIR TO BUY ASIANA AIRLINES INC.

Highlights –

• KFTC review the deal by Korean Air to buy Asiana Airlines Inc.
• KFTC will see if the merger could constitute a monopoly or hurt market competition.
• Korean Air in November 2020 said that it will acquire its smaller rival As...

TETSURO FUKUYAMA OF CDPJ TO BE NO.2 OF THE BIGGEST MERGER OPPOSITION PARTY

Highlights –

• Tetsuro Fukuyama of CDPJ to be No. 2 of the biggest merger opposition party.
• Yukio Edano was elected as the chief of the new opposition party last week.
• Hirofumi Hirano from DPFP has been selected to become the election ...

RELIANCE RETAIL TO ACQUIRE FUTURE GROUP’S UNITS

HIGHLIGHTS

• Reliance Retail is going to acquire Future Group’s units for $3.4 billion.
• Future Group is the second largest bricks-and-mortar retailer in India.

Reliance Retail, the largest retail chain in India is set to acquire ...

SAMSUNG ELECTRONICS EMBROILED IN LEGAL BATTLE AGAINST PROSECUTORS

• Samsung Electronics is facing rough weather as never seen before, finding itself in the midst of another legal battle against prosecutors as its heir apparent Lee Jae-yong on Tuesday was impeached for his alleged role in a 2015 merger and fraudulent accounting.
• Legal representa...

JAPAN'S DPFP TO DISSOLVE AND MERGE WITH THE COUNTRY’S LARGEST OPPOSITION PARTY

Highlights –

• Japan’s DPFP to dissolve and merge with the country’s largest opposition party to make a new one.
• The country’s two largest opposition parties have decided to stand united against Prime Minister’s ruling coa...

POSSIBLE TALKS FOR MERGER BETWEEN NISSAN MOTOR CO. AND HONDA MOTOR CO. EXPECTED THIS YEAR

Highlights –

• Possible talks for a merger between Nissan Motor Co. and Honda Motor Co. expected this year.
• The suggestion of a merger was made at the end of last year.
• Japanese government officials are worried over Nissan’s alli...

MERGER DISCUSSIONS FAIL BETWEEN THE MEMBERS OF JAPAN’S OPPOSITION PARTY

Highlights –

• Merger discussions fail between the members of Japan’s opposition party.
• Japan’s Democratic Party for the people has announced that it will not participate in a merger.
• Yuichiro Tamaki rather decides to split ...

JEJU AIR PLANS TO PULL OUT FROM THE MERGER DEAL WITH EASTAR JET

Highlights –

• Jeju Air plans to pull out from the merger deal with Eastar Jet.
• Eastar Jet had failed to meet the deadline to fill its pre-requisites.
• The deal between the two airline companies was of $45 million.
• Unpaid wag...

DUTCH GOVERNMENT TO AID AIR FRANCE WITH BAILOUT PACKAGE

Highlights –

• The Dutch government will aid Air France with $3.8 billion.
• The Dutch government will appoint an observer to Air France - KLM’s board.
• At 0832 GMT, Air France-KLM shares were up 1.8%.
• KLM will receive $2....

EU MAKES HARDER FOR FOREIGN FIRMS TO BUY STAKES IN EUROPEAN COMPANIES

Highlights

• In 2016, 3% of European companies were owned by non-EU investors
• It represents 35% of total assets

Concerns grow over the unfair competition in Europe. The EU is making it harder for foreign state-backed firms to buy stake...

A NEW MINISTRY - FOREIGN, COMMONWEALTH, AND DEVELOPMENT OFFICE TO LAUNCH IN BRITAIN

Highlights –

• Prime Minister of Britain plans to merge two former ministries.
• Foreign Office ministry and International Development ministry will merge into a new venture.
• The new ministry will be called the Foreign, Commonwealth, and ...

POSSIBLE MERGER BETWEEN ASTRAZENECA AND GILEAD SCIENCES

Highlights –

• AstraZeneca Plc and Gilead Sciences may enter into a possible merger.
• Both pharmaceutical companies are renowned for their successful drug creations.
• AstraZeneca is supposedly valued at $140 billion, it is the U.K.’...

NEW COMPREHENSIVE EDUCATION BY KAKAO KIDS AND YANADOO

Highlights –

• Kakao Kids and Yanadoo merger to launch new education platform
• A content platform for both children and adults
• Technological and financial capabilities with English education

South Korea’s leading...

Turkey will observe an increase in Merger and Acquisition deals in 2020

For the third quarter of 2019, Turkey gained back its growth. In terms of merger and acquisitions deal, the Turkish economy is expected to be productive this year. It will witness a gradual increase in the volume of the transactions this year.

In its annual report, the Competition Autho...

Vauxhall union seeks guarantees over car merger

Britain’s union is looking for guarantees when it is looking at the future of Vauxhall after its owner France PSA Group agreed to a merger with Fiat Chrysler. This merger has led to the creation of the world’s fourth-largest car company and this has raised concerns about investment in...

Banks to merge to strengthen finance

The mega bank merger decides to consolidate as several as ten public sector banks into four massive entities might not face post-merger Human Resources (HR)-related issues if the Finance Ministry has its manner. To smoother the combination and address HR-related matters flagged by staff likewise ...

New merger to help biotech growth in Australia

The Australian Biotech scene is there for EME what developing and that we expect it to develop quite considerably into an enormous trade and a authoritative one because it has the potential to try and do so. Australian biotech&...