WASHINGTON—A Justice Department lawyer delivered closing arguments Friday in an antitrust challenge to Penguin Random House’sof rival publisher Simon & Schuster, a test for the Biden administration’s aggressive approach to challenging corporate mergers.
“The merger will reduce the number of players in this market,” Justice Department lawyer John Read said, “and will clearly exacerbate the risk of coordination in the market.”
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: