By David Shepardson WASHINGTON (Reuters) - A U.S. judge cited negative impacts on top-selling authors in blocking a planned $2.2 billion merger of Pen.
US judge says Penguin Random House book merger cannot go forward bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
On Monday, the District of Columbia District Court issued an order and sealed opinion blocking publisher Penguin Random House’s proposed acquisition of
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WASHINGTON: A US judge ruled on Monday that a planned $2.2 billion merger of Penguin Random House, the world’s largest book publisher and owned by German media group Bertelsmann SE & Co, may not merge with rival Simon & Schuster, owned by Paramount Global.