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Penguin-Simon & Schuster judge issues unsealed opinion blocking deal

( November 7, 2022, 18:13 GMT | Official Statement) -- MLex Summary: A proposed merger between publishers Penguin Random House and Simon & Schuster was enjoined by a US federal judge who  found that the deal would violate the Clayton Act because it was likely to substantially lessen competition in the market for publishing rights to anticipated top-selling books. District Judge Florence Y. Pan said the Department of Justice buttressed its market-share analysis with strong evidence of likely unilateral effects and coordinated effects that would hurt competition. See document below. ...

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