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

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A 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.'

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.

 

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

This is good news.

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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.'
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