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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Fox stock up 2%; News Corp. holds its own in first day of trading

On the first day of trading as separate companies, Rupert Murdoch's television and movie empire, 21st Century Fox, gained nearly 2% while the publishing company ended the day down 5%.     Continue reading at Los Angeles Times

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'Unprecedented' deals for Penguin's Sally Green

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[ The Bookseller | 2013-06-27 00:00:00 UTC ]
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Fantasy debut from Hay House

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E-book price-fixing trial: Will the judge come down on the side of Apple?

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[ The Christian Science Monitor | 2013-06-26 00:00:00 UTC ]
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Penguin urges dismissal of Author Solutions case

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[ The Bookseller | 2013-06-25 00:00:00 UTC ]
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News Corp. Spinoff Pegs Value of Publishing at $9.1 Billion (2)

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[ Editor & Publisher | 2013-06-20 00:00:00 UTC ]
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Penguin Books' First to Read program will give readers sneak peeks

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[ The Christian Science Monitor | 2013-06-19 00:00:00 UTC ]
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[ Los Angeles Times | 2013-06-05 00:00:00 UTC ]
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