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UNITED STATES OF AMERICA v. BERTELSMANN SE & CO. KGAA et al

  1. November 21, 2022

    Simon & Schuster Parent Nixes Blocked Penguin Deal

    The parent company of Simon & Schuster on Monday called off the planned sale of the publishing giant to Penguin Random House LLC, closing off Penguin's plans to appeal a D.C. federal judge's decision blocking the deal.

  2. November 07, 2022

    Penguin's Takeover Of Rival Would Harm Authors, Judge Says

    A D.C. federal judge found that authors would be the ones to suffer should Penguin Random House LLC's planned $2.8 billion purchase of Simon & Schuster go through, according to an opinion unsealed Monday.

  3. November 07, 2022

    4 Takeaways From Blocking Of Simon & Schuster Deal

    A D.C. federal judge on Monday unsealed her earlier decision to block Penguin Random House LLC's planned $2.18 billion purchase of rival publisher Simon & Schuster, an important win for the U.S. Department of Justice. Here, Law360 looks at the top takeaways from the 80-page ruling, including how the court took a dim view of a proposed fix.

  4. October 31, 2022

    Court Blocks Penguin's $2.2B Simon & Schuster Deal

    A U.S. district court on Monday blocked Penguin Random House LLC's planned $2.18 billion purchase of Simon & Schuster after finding the move would likely hurt competition in the market for the rights to anticipated top-selling books.

  5. August 19, 2022

    Book Publishers Say DOJ Hasn't Shown Harm To Authors

    Attorneys for Penguin Random House and Simon & Schuster told a D.C. federal court on Friday that the government failed to prove their planned $2.18 billion merger would reduce author pay, arguing that a deal should not be blocked based on a vague notion of softened competition.

  6. August 18, 2022

    Court Questions Penguin's Bid Policy In Merger Challenge

    A D.C. federal judge questioned an expert witness Thursday on how well Penguin Random House's promise to allow individual company imprints to bid against each other for books will work after its planned purchase of Simon & Schuster.

  7. August 17, 2022

    Judge Nixes Cost Savings From Book Merger Trial

    A D.C. federal judge on Wednesday issued a midtrial order excluding Penguin Random House's predicted cost-savings from the trial on its planned merger with Simon & Schuster, savings the publisher says would be passed on to authors in the form of higher advances.

  8. August 16, 2022

    Publishing Merger Won't Hurt Competition, Yale Prof Says

    A Yale University economist told a D.C. federal judge on Tuesday that there's plenty of competition in the publishing industry for the acquisition of new books and that author advances are not likely to fall after Penguin Random House acquires Simon & Schuster.

  9. August 15, 2022

    Penguin Exec. Says Internal Book Competition Is Strong

    The head of Penguin Random House's U.S. operations told a D.C. federal judge Monday that there's real competition between the company's various imprints, in an effort to debunk the government's allegations that its planned purchase of Simon & Schuster from Paramount Global will dampen author pay.

  10. August 12, 2022

    Book Publishing Industry Gets Close Read In Merger Trial

    After two weeks presiding over the government's effort to stop Penguin Random House's planned purchase of Simon & Schuster, U.S. District Judge Florence Y. Pan has shown both skepticism and frustration with arguments made by both sides of the merger fight.

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