argued on Monday that the proposed sale of Simon & Schuster will benefit authors, and should not be blocked under federal antitrust law., seeking to block ViacomCBS from selling Simon & Schuster to Bertelsmann, the parent of Penguin Random House, in a $2.1 billion transaction.
In a formal answer filed in court on Monday, the companies argued that the deal is actually “pro competitive” and should be approved. ViacomCBS and Bertelsmann announced the deal in November 2020, but it has been delayed due to the DOJ review. ViacomCBS is looking to spin off an asset it acquired in 1994, as part of its acquisition of Paramount Communications.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why are companies mandating a return to the office in 2021?Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. 美国各大科技公司不断推迟重返办公室的最后期限。也许是时候承认失败了。
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: WSJ - 🏆 98. / 63 Read more »