1 year ago
81 On October 31st, a national justice ruled against the merging of Penguin Random House and Simon & Schuster, saying that it would “substantially lessen competition” successful publishing. While that was a stroke to the merger, it wasn’t officially over: Penguin Random House had been readying to entreaty the decision. In bid to bash that, they would request Paramount (Simon & Schuster’s genitor company) to widen the deadline for the deal. Paramount has present stated that they volition not beryllium extending it from the November 22nd deadline.
The woody falling done means that Paramount volition person a $200 cardinal termination interest from Penguin Random House. It’s unclear what volition hap to Simon & Schuster now, but they are inactive looking for a buyer, and Hachette and HarperCollins person some expressed involvement during the trial. Simon & Schuster has has had grounds income recently, and its main enforcement has said, “We are much palmy and invaluable contiguous than we person ever been.”
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