Mergers & Acquisitions Mergers & Acquisitions

Penguin Random House's proposed merger with Simon & Schuster blocked by US court, handing DOJ victory

By Khushita Vasant
  • 31 Oct 2022 23:26
  • 31 Oct 2022 23:41
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.
In a two-page order, US District Judge Florence Pan of the District of Columbia entered a judgment in favor

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Khushita Vasant

Chief Antitrust Correspondent, US

Khushita covers US antitrust enforcement and litigation for MLex. A former Brussels hand, she wrote about about antitrust & mergers for the Policy and Regulatory Report (PaRR), she has covered the EU's actions against Google, Apple, Facebook and Amazon to name a few. Khushita specialises in tech and patent policy coverage which featured in the Concurrences Antitrust Writing Awards. Previously as a financial journalist for The Wall Street Journal and Dow Jones Newswires, she wrote about monetary policy and the bond and currency markets. Khushita studied journalism at Mumbai University, and received an Erasmus Mundus scholarship for a masters from universities in Germany and Austria.

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