• EXPLAINER: Bid to block book merger sets competition fight

    1 month ago - By Stl Today

    The biggest U.S. book publisher's plan to buy the fourth-largest for $2.2 billion represents a key test for the Biden administration's antitrust policy. So much so that the Justice Department is calling an out-of-the-ordinary witness to The Stand: author extraordinaire...
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  • EXPLAINER: Bid to block book merger sets competition fight

    EXPLAINER: Bid to block book merger sets competition fight

    1 month ago - By Chron

    WASHINGTON - At a time of mega-mergers and flashy high-tech corporate hookups, the biggest U.S. book publisher's plan to buy the fourth-largest for a mere $2.2 billion may seem somewhat quaint. But the deal represents such a key test for the Biden administration's antitrust policy that the Justice Department is calling an out-of-the-ordinary witness to The Stand: author extraordinaire Stephen King.
    In Penguin Random House's proposed acquisition of rival Simon & Schuster, which would reduce the “Big Five" U.S. publishers to four, the administration is burnishing its antitrust mettle and its...
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