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Aug 01, 2022

The justice department is seeking to block the $2.2bn merger between Penguin Random House and Simon & Schuster

The government and publishing titan Penguin Random House exchanged opening salvos in a federal antitrust trial Monday as the US seeks to block the biggest US book publisher from absorbing rival Simon & Schuster. The case will be a pivotal test of the Biden administration’s antitrust policy.

The justice department has sued to block the $2.2bn merger, which would reduce the Big Five US publishers to four.

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