Bertelsmann acquiring S&S would be 'profound antitrust issue' for the trade, News Corp c.e.o. claims

Bertelsmann acquiring S&S would be 'profound antitrust issue' for the trade, News Corp c.e.o. claims

News Corp c.e.o. Robert Thomson has said that it would be a "serious antitrust issue" for the industry if Bertelsmann were to acquire Simon & Schuster. It comes after the New York Times reported this week that News Corp is among companies that have made a bid for the publisher. 

The newspaper, which says its source is "three people familiar with the process who declined to be named because the matter remains confidential", claimed Bertelsmann, owner of Penguin Random House, is the other leading bidder. The Financial Times suggested that French media group Vivendi may also be considering a ...

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