Mergers & Acquisitions Mergers & Acquisitions

US DOJ sues to block Penguin Random House deal for rival publisher Simon & Schuster, rejecting remedy offer

By Flavia Fortes and Austin Peay
  • 02 Nov 2021 11:23
  • 02 Nov 2021 15:09
The US Department of Justice sued to block Penguin Random House’s $2.18 billion acquisition of rival publisher Simon & Schuster, alleging the deal would likely lessen competition substantially in the markets for content acquisition in the US. 

The DOJ's antitrust division rejected the parties’ remedy offer to allow Penguin Random House imprints and

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