US DoJ Files Antitrust Lawsuit to Block Penguin Random House’s Acquisition of Rival Simon & Schuster

Nov 2, 2021 | EARNINGS

The US Department of Justice argues that Penguin Random House’s proposed acquisition of competing publisher Simon & Schuster would violate the Horizontal Merger Guidelines of the DoJ’s Antitrust Division. The department believes the move would lead to authors being paid less and could also diminish the quantity and range of books published.

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