Another Merger Blocked: Penguin Random House Barred from Merging with Simon & Schuster in Narrow Antitrust Decision

Amber Miller – On October 31, 2022, the United States District Court for the District of Columbia blocked publishing giant, Penguin Random House (“Penguin”), from its proposed $2.2 billion acquisition of equally ubiquitous publisher, Simon & Schuster. The district court sided with the Department of Justice (“DOJ”), which challenged the acquisition on the basis that […]