The administration said the proposed merger "would likely harm competition in the publishing industry."
Simon & Schuster display at the London Book Fair at Kensington Olympia on the 12th March 2019 in London.The Biden administration on Tuesday sued Penguin Random House and Simon & Schuster to block the two companies from completingthat the administration said "would likely harm competition in the publishing industry."
Yep brick and mortar publishing is a real 21st century threat
So ur saying there are still people working at the doj?
Whoa. Yeah block that.
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Justice Department Sues to Block Penguin Random House’s Acquisition of Simon & SchusterThe Justice Department’s antitrust lawsuit alleges the almost $2.18 billion deal would allow Penguin Random House to exert outsized influence over which books are published in the U.S. and how much authors are paid. IMHO needs to be considered for all SMEs and start ups. Many people don’t set up on their own unless they have the requisite skills, expertise and personal brand. IMHO a restriction of trade needs to be considered as illegal and harmful. Against, competition law. Two companies in a dying industry gets blocked but they let Facebook and Amazon do their thing? It’s like they don’t even want to hide corruption in the government anymore based now do it to Disney
Source: WSJ - 🏆 98. / 63 Read more »