NWS News: UPDATE 3-U.S. judge says Penguin Random House book merger cannot go forward - 1st Nov 2022, 10:02am

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(Adds Penguin to appeal, Justice Department comment)

By Diane Bartz

WASHINGTON, Oct 31 (Reuters) - A planned $2.2 billion merger of Penguin Random House, the world's largest book publisher, and rival Simon & Schuster cannot go forward, a U.S. judge ruled on Monday.

Judge Florence Pan of the U.S. District Court for the District of Columbia, said in a brief order that she found the Justice Department had shown the deal may substantially lessen competition "in the market for the U.S. publishing ...

>>> Read more: UPDATE 3-U.S. judge says Penguin Random House book merger cannot go forward
 
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