July 6, 2001
Justice Department Clears the Sale of a Big Textbook Publisher
The antitrust division of the U.S. Department of Justice last week approved a giant three-way publishing deal that will result in the sale of Harcourt General to Reed Elsevier and the Thomson Corporation. As a condition of the sale, Thomson agreed to divest itself of college-textbook lines in several subjects, and at least some of its computer-based-testing business.
The deal, first announced in October, awaits approval by British antitrust authorities before it can go through. Company
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