DoJ steps up scrutiny of PRH deal for S&S

DoJ steps up scrutiny of PRH deal for S&S

Penguin Random House owner Bertelsmann's purchase of Simon & Schuster is facing further scrutiny by the US Department of Justice (DoJ).

On 22nd March, the UK's Competition & Markets Authority announced it was launching a merger investigation into the $2.2bn deal, which would see S&S managed as a separate publishing unit under the PRH umbrella. The CMA will decide by 19th May whether to refer the merger for a second, more in-depth investigation.

The DoJ, which has been urged by American writers' groups to intervene, has now stepped up its own review of the deal, making a “second request” f...

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