US begins court battle against publishing giants' merger

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US 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
Source: WOKVNews - 🏆 247. / 63 Read more »

What'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.
Source: CNN - 🏆 4. / 95 Read more »