The European Commission has approved the acquisition by Egmont of Bonnier's Danish book publishing business. Egmont and Bonnier, based respectively in Denmark and Sweden, are large media groups active mainly in Scandinavia. The Commission had concerns that the transaction could significantly reduce competition in the strip cartoon segment of the market. The parties therefore agreed to remove Bonnier's strip cartoon business from the deal. Following this commitment, the Commission decided to raise no objections to the acquisition.