The French publishing market is following this literary “bomb” very closely.
This week, the German conglomerate Bertelsmann, owner of the world's largest publishing group, Penguin Random House, sent a series of arguments to the US Department of Justice to defend its plan to buy Simon & Schuster (owned by ViacomCBS) for $ 2.18 billion.
"The acquisition of Simon & Schuster by Penguin Random House is pro-competitive,"
his lawyers defended in an official document.
The Justice Department wants to block the merger based on legally, factually and economically flawed theories. "
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This response comes a few weeks after the civil proceedings launched by the antitrust service of the Department of Justice to oppose the transaction, in order to protect competition.
Across the United States, the two groups' main literary market, Penguin Random House ($ 4.1 billion in sales in 2020) is ...
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