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Penguin Random House, Simon & Schuster file post-trial brief in US merger challenge case

( September 9, 2022, 16:19 GMT | Official Statement) -- MLex Summary: Penguin Random House and Simon & Schuster have filed their post-trial brief with their proposed findings after a three-week trial in the US Department of Justice's challenge to their deal. The brief emphasizes the defendants' disagreement with the government's proposed market of "anticipated top-selling books" with an advance over $250,000, and rejects the DOJ's expert witness' analysis. The companies also argued that the 2013 merger of Penguin and Random House didn't lead to an increase in advances and contested the government's assertion that the merger could increase the likelihood of collusion in the industry. See document below. ...

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