Doj Sues To Block Merger Of Penguin Random House Simon Schuster

Doj Sues To Block Merger Of Penguin Random House Simon Schuster The u.s. department of justice filed a civil antitrust lawsuit today to block penguin random house’s proposed acquisition of its close competitor, simon & schuster. The department of justice (doj) on tuesday filed a major antitrust lawsuit seeking to block a proposed merger of the publishing giants penguin random house and simon & schuster.

Why Was Penguin Simon Schuster Merger Blocked After three high profile antitrust losses, the justice department notched a win, convincing a judge to block the $2.2 billion merger between penguin random house and simon & schuster, the first. The biden administration on tuesday sued penguin random house and simon & schuster to block the two companies from completing a $2.175 billion merger that the administration said. There are five big publishing houses in the united states right now, and one of them, penguin random house, wants to buy simon & schuster, one of its most robust rivals, for $2.75 billion. The justice department sued to block penguin random house ‘s proposed merger with simon & schuster, arguing that the transaction would create a behemoth publisher likely to drive down payments to.

Why Is Doj Suing Penguin Random House Over Merger There are five big publishing houses in the united states right now, and one of them, penguin random house, wants to buy simon & schuster, one of its most robust rivals, for $2.75 billion. The justice department sued to block penguin random house ‘s proposed merger with simon & schuster, arguing that the transaction would create a behemoth publisher likely to drive down payments to. A federal judge in washington, d.c. handed the u.s. department of justice a major antitrust win by blocking publishing giants penguin random house and simon & schuster from moving forward with their proposed $2.2 billion merger. Washington, nov 2 (reuters) the u.s. justice department filed a lawsuit on tuesday aimed at stopping penguin random house, the world's biggest book publisher, from buying competitor. Washington today, the u.s. district court for the district of columbia ruled in favor of the justice department in its civil antitrust lawsuit to block book publisher penguin random house’s proposed $2.2 billion acquisition of simon & schuster. The department of justice thinks a proposed deal for bertelsmann's penguin random house to buy fellow heavyweight publisher simon & schuster will unfairly skew the publishing market.