The Justice Department filed an antitrust lawsuit seeking to block Penguin Random House’s proposed acquisition of rival publisher Simon & Schuster
WASHINGTON—The Justice Department on Tuesday filed an antitrust lawsuit that seeks to block Penguin Random House’sThe department, in a lawsuit filed in a Washington, D.C. federal court, alleged the almost $2.
18 billion deal would let Penguin Random House—already the world’s largest consumer book publisher as measured by revenue—exert outsized influence over which books are published in the U.S. and how much authors are paid.
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