Federal judge Penguin Random House banned from merging with rival Simon & Schuster blocked
A federal judge bans publishing giant Penguin Random House from acquiring its rival Simon & Schuster. The transaction, valued at $2.2 billion, would have united two of the five major U.S. publishers. The Justice Department applauded the judgment, which comes only one week prior. A federal judge banned publishing giant Penguin Random House from acquiring … Read more