Penguin Random House's proposed merger with Simon & Schuster blocked by US court, handing DOJ victory
By Khushita Vasant ( October 31, 2022, 23:26 GMT | Insight) -- Penguin Random House's proposed $2.2 billion purchase of rival publisher Simon & Schuster was blocked by a US federal court, giving the Department of Justice a victory in the merger challenge.Penguin Random House's proposed $2.2 billion purchase of rival publisher Simon & Schuster was blocked by a US federal court, handing the Department of Justice a victory in the merger challenge....
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