In the News
Penguin Scraps Merger Plan with Rival Publisher
22nd November 2022
The merger between Penguin Random House and Simon & Schuster has collapsed with the former withdrawing from the deal after US courts had blocked the deal.
And it's very much in line with the current thrust of US competition policy, with the Biden administration seemingly taking a greater interest in promoting competition and stopping industries becoming overly concentrated.
After two years of regulatory scrutiny and a hard-fought court battle, Penguin Random House’s deal to buy Simon & Schuster officially collapsed on Monday. https://t.co/M0onRAbuHQ
— New York Times Books (@nytimesbooks) November 21, 2022
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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