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Federal judge blocks Simon & Schuster-Penguin Random House merger

Por: CBS News Business November 01, 2022

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New York — A federal judge has blocked Penguin Random House's proposed purchase of Simon & Schuster, agreeing with the Justice Department that the joining of two of the world's biggest publishers could lessen competition for top-selling books. The ruling was a victory for the Biden administration's tougher approach to proposed mergers, a break from decades of precedent under Democratic and Republican leadership.U.S. District... + full article



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