The US DoJ files a civil antitrust lawsuit seeking to block the merger of two of the "Big 5" publishers (Penguin Random House / Simon & Schuster)

DOJ Seeks to Close the Book on Penguin Random House’s Acquisition of Simon & Schuster* On November 2, the U.S. Department of Justice (“DOJ”) once again demonstrated its renewed resolve to block anticompetitive concentrations by filing a civil antitrust lawsuit seeking to block Penguin Random House LLC’s proposed acquisition of its close competitor, Simon & Shuster. DOJ alleges that the merger would give Penguin Random House “outsized influence over who and what is published, and how much authors are paid for their work,” resulting in “fewer authors being able to make a living from writing and fewer and less diverse books being published.” This merger challenge is notable for its focus on the transaction’s buyer-side implications on authors, including what the major publishing houses

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  • Constantine Cannon (New York)

Quotation

Yo W. Shiina, The US DoJ files a civil antitrust lawsuit seeking to block the merger of two of the "Big 5" publishers (Penguin Random House / Simon & Schuster), 2 November 2021, e-Competitions November 2021 - II, Art. N° 103433

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