It would be a behemoth of a book publishing company. But a U.S. judge says no | CBC News

Penguin Random House bid for rival publisher Simon & Schuster blocked by U.S. judge | CBC News LoadedA federal judge on Monday blocked Penguin Random House's proposed purchase of Simon & Schuster, agreeing with the U.S.

Justice Department that the joining of two of the world's biggest publishers could "lessen competition" for "top-selling books."Penguin Random House parent Bertelsmann plans to appeal the decision on its $2.2B US bidA book published by Simon & Schuster is displayed on July 30, 2022, in Tigard, Ore. Simon & Schuster has been up for sale for a few years, prompting a bid from Penguin Random House that was announced in late 2020.

Too bad the same wasn’t done when Ticketmaster and LiveNation merged.

This is good news.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

U.S. judge blocks Penguin Random House-Simon & Schuster mergerA U.S. federal judge has blocked Penguin Random House's proposed purchase of Simon & Schuster, agreeing with the U.S. Justice Department that the joining of two of the world's biggest publishers could 'lessen competition' for 'top-selling books.'
Fonte: CTVCalgary - 🏆 26. / 68 Consulte Mais informação »