Why Was Penguin Simon Schuster Merger Blocked Publishing giant penguin random house’s bid to acquire rival simon & schuster—a move that would’ve combined america’s no. 1 and no. 4 publishers into one brobdingnagian mega publisher—was. New york (ap) — a federal judge has blocked penguin random house’s proposed purchase of simon & schuster, agreeing with the justice department that the joining of two of the world’s biggest.
Opinion Lawsuit Challenging Penguin Random House Merger With Simon Last fall, the justice department blocked the $2 billion merger of simon & schuster and penguin random house, another massive book publisher. The owners of simon & schuster have decided to abandon the company's sale to penguin random house, reuters reports, ending a two year effort to consolidate the companies into one uber publisher to. A us court has blocked a $2.2bn (£1.9bn) merger between the world's largest book publisher penguin random house and its rival simon & schuster. 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.”.
Doj Sues To Block Merger Of Penguin Random House Simon Schuster A us court has blocked a $2.2bn (£1.9bn) merger between the world's largest book publisher penguin random house and its rival simon & schuster. 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.”. Washington (ap) — a federal judge has laid out a data laden case for why she blocked penguin random house's proposed purchase of simon & schuster, handing a victory to the biden justice. 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. The government has now officially blocked a proposed merger between book publisher penguin random house and rival simon & schuster. It surely came as no surprise to anyone in the publishing industry when judge florence pan blocked a proposed merger between penguin random house and simon & schuster—the country’s two largest.