What's at stake as book publishing merger faces antitrust trial

New York A version of this article first appeared in the"Reliable Sources" newsletter. You can sign up for free right here.

Penguin Random House announced its bid to acquire Simon & Schuster in November 2020. The deal -- combining two of the top five book publishers in the United States -- normally would have taken effect by now. But the Justice Department is standing in the way, and an antitrust trial is set to begin on Monday.Judge Florence Pan of the US District Court in Washington, D.C. will hear about three weeks of oral arguments.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

EXPLAINER: Bid to block book merger sets competition fightEXPLAINER: The biggest U.S. book publisher’s plan to buy the fourth-largest for $2.2 billion represents a key test for the Biden administration's antitrust policy. The Justice Department has sued to block the merger, contending it would thwart competition.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »

Fear of losing Amazon Prime drives skepticism about antitrust bill: Industry pollThe public is hesitant to support bipartisan antitrust legislation meant to rein in Big Tech for fear of losing Amazon Prime free shipping.
مصدر: dcexaminer - 🏆 6. / 94 اقرأ أكثر »