US judge blocks $2.2bn Penguin Random House merger
Justice department argued the melding of the publishing house with Simon & Schuster would harm competition and authors’ pay
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Justice department argued the melding of the publishing house with Simon & Schuster would harm competition and authors’ pay
By Diane Bartz WASHINGTON (Reuters) - A planned $2.2 billion merger of Penguin Random House, the world's largest book publisher, and rival Simon & Sch...
WASHINGTON (Reuters) — A planned $2.2 billion merger of Penguin Random House, the world's largest book publisher, and rival Simon & Schuster cannot go forward, a U.S. judge has ruled.
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