Book-publishing powerhouse Simon & Schuster's owner will let its $2.2 billion sale to Penguin Random House collapse on Monday, opening the door for a new suitor to try to clinch a deal, according to people familiar with the matter.
NEW YORK - Book-publishing powerhouse Simon & Schuster's owner will let its $2.2 billion sale to Penguin Random House collapse on Monday, opening the door for a new suitor to try to clinch a deal, according to people familiar with the matter. by a federal judge on antitrust grounds.
The sources requested anonymity ahead of official announcements this week. Paramount declined to comment, while a Bertelsmann spokesperson did not respond to a request for comment. In its complaint, it argued the deal would lead to lower earnings for authors because of the reduced competition. Best-selling author Stephen King testified in favor of the government's arguments during the trial.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 exclusive places you can book for your upcoming Christmas partyIf you&39;re planning to throw some parties and searching for venues that can host you and your loved ones, we got you!
Read more »
Trump Twitter account reappears after Musk pollSan Francisco: Donald Trump's notorious Twitter account was reinstated Saturday (Sunday in Manila) after the platform's new owner Elon Musk ran a poll in which a narrow...
Read more »
Power service interruption to hit parts of ManilaSeveral areas in Manila, particularly in Pandacan and Paco, will experience power interruption on Sunday, Nov. 20.
Read more »
Parts of Caloocan, Valenzuela, QC, Bulacan to experience power interruptionThe Manila Electric Company (Meralco) has announced power interruptions in some barangays in Caloocan, Valenzuela, Quezon City, and some municipalities in Bulacan province starting Monday, Nov. 21.
Read more »
Ukraine nuclear agency says Russia shelled Zaporizhzhia power plantUkrainian nuclear energy agency Energoatom said Sunday Russia shelled the territory of the Zaporizhzhia nuclear plant, shortly after Moscow accused Kyiv of hitting the site of the power station.
Read more »
Trump Twitter account reappears after Musk pollDonald Trump&39;s notorious Twitter account was reinstated Saturday after the platform&39;s new owner Elon Musk ran a poll in which a narrow majority of voters supported the move, days after the former US president announced another White House bid.
Read more »