Why Was Penguin Simon Schuster Merger Blocked A federal judge has blocked penguin random house’s proposed purchase of simon & schuster. the judge issued a brief ruling monday, agreeing with the justice department that the joining of two of the world’s biggest publishers could “lessen competition” for “top selling books.”. Penguin random house ’s $2.18 billion acquisition of rival book publisher simon & schuster inc. was blocked by a federal judge who found the merger would lessen competition. judge florence y. pan ruled in favor of the justice department, which sued last year arguing the tie up would give penguin the largest us book publisher owned by.
Doj Sues To Block Merger Of Penguin Random House Simon Schuster A us federal judge on monday ruled to block the $2.2bn merger of penguin random house and simon & schuster, halting the creation of a colossus in the us books sector and handing a. Washington (cn) — a federal judge blocked the nation’s largest book publisher, penguin random house, from acquiring the fourth largest, simon & schuster, ruling that the proposed $2.75 billion dollar deal would unfairly stifle competition in the u.s. publishing industry. The u.s. department of justice is suing penguin random house and simon & schuster to block the companies from completing a merger valued at $2.175 billion. 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. A federal judge on monday blocked mega publisher penguin random house from acquiring rival simon & schuster, a major win for the department of justice’s (doj) antitrust division. judge florence….
Penguin Random House Is Buying Simon Schuster That S Bad For Readers The u.s. department of justice is suing penguin random house and simon & schuster to block the companies from completing a merger valued at $2.175 billion. 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. A federal judge on monday blocked mega publisher penguin random house from acquiring rival simon & schuster, a major win for the department of justice’s (doj) antitrust division. judge florence…. District court judge florence y. pan handed a victory to the biden administration with the ruling, supporting its increased antitrust enforcement. the court found that the planned combination may. Simon & schuster’s parent company, paramount global, sounded the death knell for the deal on monday by deciding not to appeal against a ruling by a us federal judge that earlier this month. A federal judge blocked penguin random house’s purchase of simon & schuster. the merge between two of the biggest book publishers would’ve changed the publishing industry. michelle le – november 2nd, 2022. A federal judge blocked a bid on oct. 31 by penguin random house, a multinational publishing company, to buy one of its biggest competitors, simon & schuster. u.s. district court judge florence pan cited the department of justice’s claim that the merger would stifle competition in the book selling industry.
Judge Blocks Merger Between Penguin Random House And Simon Schuster District court judge florence y. pan handed a victory to the biden administration with the ruling, supporting its increased antitrust enforcement. the court found that the planned combination may. Simon & schuster’s parent company, paramount global, sounded the death knell for the deal on monday by deciding not to appeal against a ruling by a us federal judge that earlier this month. A federal judge blocked penguin random house’s purchase of simon & schuster. the merge between two of the biggest book publishers would’ve changed the publishing industry. michelle le – november 2nd, 2022. A federal judge blocked a bid on oct. 31 by penguin random house, a multinational publishing company, to buy one of its biggest competitors, simon & schuster. u.s. district court judge florence pan cited the department of justice’s claim that the merger would stifle competition in the book selling industry.