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The combination announced Monday is the first major publishing industry merger since Bertelsmann paid more than $1 billion for Random House in 1998.
But that verdict remains to be seen, especially since the regulators may choose to weigh the impact of more than one possible industry merger at once.
This is the second time in three months that Time Warner has pulled away from a music industry merger partner at what seemed like the final hour.
PAGE B1 Music Industry Merger Time Warner plans to absorb EMI Music into Warner Music, creating what could become the world's largest record company.
Roche Holding's agreement on Thursday to acquire full ownership of Genentech for $46.8 billion is the third big drug industry merger this year.
And could this Munich putsch accelerate consolidation in the car industry?Merger frenzyIt was no surprise that the expulsion of two top executives set tongues wagging about BMW being in play.
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Long-simmering talk of an inevitable round of airline industry mergers heated up again yesterday.
The commission's inspections of major oil industry mergers have become increasingly comprehensive, analysts said.
Mr. Smith had been co-head of financial industry mergers and acquisitions at Citigroup.
Mr. Lanken, 30, is a senior vice president for telecommunications industry mergers and acquisitions at Lehman Brothers, the New York investment bank.
He recently discussed industry mergers, the company's promising acquisitions and how ING avoided the subprime mortgage pitfalls.
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