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In the United States, Bertelsmann faces another battle for its publishing ambitions

2022-10-03T18:19:39.511Z


DECRYPTION – The conglomerate, owner of RTL and Penguin Random House, hopes to get their hands on rival Simon & Schuster.


Will Bertelsmann's ambitions come up against the reluctance of competition police again?

While in France the German conglomerate (owner of RTL, Penguin Random House, BMG, etc.) had to abandon its plan to merge with the TF1 group in the face of reluctance from the Competition Authority, in the United States it has to Unite another battle.

The fate of its proposed acquisition of the publishing group Simon & Schuster (owned by Paramount Global) for 2.18 billion dollars is now in the hands of American justice.

After two months of hearings, the lawsuit initiated by the antitrust service of the Department of Justice to oppose the merger has just been completed.

Very attentive to concentrations in the media and technology sectors, the Biden Administration fears that this future publishing giant will harm competition by reducing the remuneration of authors or by disrupting the prices of books for consumers.

Read also

Bertelsmann defends its plan to buy Simon & Schuster

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Source: lefigaro

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