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Paramount pulls offer to sell Simon & Schuster to Penguin Random House

Por: Los Angeles Times Entertainment November 21, 2022

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Paramount has rescinded its offer to sell Simon & Schuster to Penguin Random House, three weeks after a federal judge blocked publishing giant PRH's attempt to acquire its smaller rival. The consolidation of the two publishing houses would have reduced competition in that industry to only four major firms instead of the current Big Five. The planned merger gave rise to antitrust concerns inside the Biden administration's Justice... + full article



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