Reed Elsevier £4bn takeover of Harcourt is cleared

LONDON - The UK government has cleared the way for Anglo-Dutch publisher Reed Elsevier to take over US medical publisher Harcourt General in a deal worth £4bn.

The purchase of Harcourt's science, technical and medical group makes Reed Elsevier one of the world's biggest medical publishers, as well as boosting its position in the US educational market.



Reed beat Thomson Corporation of Canada and Bertelsmann to the business. Thomson will buy Harcourt's higher education group and the rest of the business Reed does not keep.



The deal was referred to the government because of competition concerns relating to the power that the merged company would wield in the market for scientific, technical and medical journals.



The UK's competition commission ruled that although the merger did raise some anti-competitive concerns, they were not significant enough to affect public interest.



Topics

Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Why Cosabella replaced its agency with AI and will never go back to humans
Shares0
Share

1 Why Cosabella replaced its agency with AI and will never go back to humans

In October, lingerie retailer Cosabella replaced its digital agency with an AI platform named "Albert". Since then it has more than tripled its ROI and increased its customer base by 30%.

Just published

More