Judge Florence Pan of the District of Columbia Circuit. Photo: Diego M. Radzinschi/ALM Judge Blocks Proposed Merger of Major Book Publishers in Win for DOJ Antitrust Effort
Judge Florence Pan agreed with Justice Department arguments that the merger of Penguin Random House and Simon & Schuster would harm competition for books viewed as potential best-sellers.
October 31, 2022 at 07:03 PM
5 minute read
Antitrust
A federal judge on Monday blocked the proposed $2.2 billion merger of two major publishers, Penguin Random House and Simon & Schuster, delivering a significant win for the U.S. Justice Department's antitrust division in its drive for more aggressive enforcement.
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