US begins court battle against publishing giants' merger

مصر أخبار أخبار

US begins court battle against publishing giants' merger
مصر أحدث الأخبار,مصر عناوين

The Justice Department has sued to block publishing titan Penguin Random House from absorbing rival Simon & Schuster in a $2.2 billion merger.

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In an unusual move, the government’s star witness will be, the renowned and genre-transcending author whose works are published by Simon & Schuster. King is expected to testify during the weekslong trial in U.S. District Court in Washington, D.C.

Opposing attorneys for the two sides will present their cases before U.S. District Judge Florence Pan. Bruce Springsteen splits the difference: His “Renegades: Born in the USA,” with Barack Obama, was published by Penguin Random House; his memoir, by Simon & Schuster.

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US begins court battle against publishing giants' mergerUS begins court battle against publishing giants' mergerThe U.S. government and publishing titan Penguin Random House are set to exchange opening salvos in a federal antitrust trial
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What's at stake as book publishing merger faces antitrust trialWhat's at stake as book publishing merger faces antitrust trialThe publishers say that “after the merger, the market dynamic will be just the same” and reject the arguments that authors will suffer.
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