Mergers & Acquisitions Mergers & Acquisitions

New bidding policy would allow Penguin Random House, Simon & Schuster to compete after merger, Penguin CEO says

By Serafina Smith
  • 05 Aug 2022 01:46
  • 05 Aug 2022 02:24

Penguin Random House Chief Executive Markus Dohle doubled down on promises to encourage intra-company bidding and preserve imprint autonomy, on the fourth day of a US trial over the government’s bid to block Penguin Random House’s acquisition of Simon & Schuster.

He also discussed his company’s market relationship with Amazon, admitting

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