The U.S. Justice Department’s successful challenge to the merger of two major book publishers provided a burst of momentum for the Biden administration’s progressive antitrust approach following a string of early defeats.
U.S. District Judge Florence Pan of the District of Columbia on Monday blocked Penguin Random House’s proposed acquisition of Simon & Schuster, handing a win to the Justice Department, which argued that the deal would harm competition for books viewed as potential bestsellers and lower advance payments to authors who write them.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]