Judge blocks Penguin Random House from merging with rival publisher Simon & Schuster ...Middle East

A federal judge on Monday blocked mega-publisher Penguin Random House from acquiring rival Simon & Schuster, a major win for the Justice Department’s (DOJ) antitrust division. Judge Florence Pan, who heard the case in the U.S. District Court for the District of Columbia, said DOJ had shown the proposed merger may have the effect of substantially lessening competition in the publishing industry for top-selling books. Pan also issued a memo to support her ruling that was filed under seal, and she directed the parties to jointly propose redactions of confidential information before the document’s release. The ruling marks a significant victory for the Biden administration DOJ’s more

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