US judge blocks $2.2bn Penguin Random House merger

Justice department argued the melding of the publishing house with Simon & Schuster would harm competition and authors’ payA US judge has blocked the $2.2bn planned merger of Penguin Random House, the world’s largest book publisher, with rival Simon & Schuster.Judge Florence Pan of the US district court for the District of Columbia said in a brief order on Monday that she had found that the justice department had shown that the deal would “substantially” harm competition “in the market for the US publishing rights to anticipated top-selling books”. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2022-11-01 00:30:18 UTC ]
News tagged with: #district court #simon schuster #justice department #publishing rights #largest book #penguin random house

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[ The Bookseller | 2011-03-02 00:00:00 UTC ]
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Penguin has best-ever year as Pearson profits leap

Written By: Charlotte Williams Publication Date: Mon, 28/02/2011 - 09:42 Penguin UK had its best ever year in 2010 as parent company Pearson reported a profits increase of 21% to £857m. For the year ending 31st December, sales at Pearson were £5.66bn, up 10% on 2009. Sales at Penguin were... Continue reading at The Bookseller

[ The Bookseller | 2011-02-28 00:00:00 UTC ]
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CUP publishing staff reject 2% pay increase

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[ The Bookseller | 2011-02-18 00:00:00 UTC ]
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Penguin and Hachette win at PPC awards

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[ The Bookseller | 2011-02-16 00:00:00 UTC ]
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No Newpage-Verso Merger After All?

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[ Folio Magazine | 2011-02-10 00:00:00 UTC ]
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[ Folio Magazine | 2011-02-09 00:00:00 UTC ]
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Penguin Children's Books creates new licensing wing

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[ The Bookseller | 2011-02-03 00:00:00 UTC ]
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Penguin enters exclusive Sainsburys book club

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[ The Bookseller | 2011-01-26 00:00:00 UTC ]
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[ Folio Magazine | 2011-01-18 00:00:00 UTC ]
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