US Judge Blocks Penguin Random House's Planned Merger Of Simon & Schuster

A federal judge has blocked Publisher Penguin Random House's $2.18 billion merger deal with peer Simon & Schuster citing competition concerns for author payouts, reports said. The ruling comes in favor of the U.S. Justice Department's antitrust challenge that the intended merger would unlawfully curtail competition.

from RTT - Top Story https://ift.tt/E3cfXwW
via IFTTT