On July 19, 2023, the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) (collectively, the agencies) issued their long-awaited draft Merger Guidelines. The draft.
Finding deal would lessen competition in U.S. market for publishing rights for potential top-selling books, U.S. District Judge Florence Y. Pan granted Department of Justice Antitrust Division move to block Penguin Random House PRH acquisition of Simon & Schuster S&S.