US begins court battle against publishing giants’ merger
US begins court battle against publishing giants’ merger
The government and publishing titan Penguin Random House exchanged opening salvos in a federal antitrust trial Monday as the U.S. seeks to block the biggest U.S. book publisher from absorbing rival Simon & Schuster. The case comes as a key test of the Biden administration’s antitrust policy.
The Justice Department has sued to block the $2.2 billion merger, which would reduce the Big Five U.S.…