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.
Too bad the same wasn’t done when Ticketmaster and LiveNation merged.
This is good news.
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