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Penguin, Simon & Schuster merger blocked over impact on authors - U.S. judge

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A U.S. judge cited negative impacts on top-selling authors in blocking a planned $2.2 billion merger of Penguin Random House, the world's largest book publisher, and rival Simon & Schuster, according to a written opinion released Monday.

owns Simon & Schuster. The publishers and the Justice Department did not immediately provide comment.

Pan said those best-selling authors "have fewer outlets that can satisfy their requirements, and therefore are vulnerable to anticompetitive behavior." The government argued against the deal, saying it would lead to less competition for blockbuster books and lower advances for authors who earn $250,000 or more.

 

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