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DOJ Challenges Book Publisher Merger – Reuters

Self-publishing

02-Nov-2021 – The Division of Simplyice’s (DOJ) Antitrust Division sued To dam a merger between Penguin Random House and Simon & Schuster. The DOJ alleged that the merger would Finish in monopsony power, permitting, amongst completely diffelease issues, the merged agency To Scale again The worth paid to authors For his or her work, reduce the scope of providers writers supply authors, and harm consumers by reducing The quantity and Quantity of e-books revealed.

On November 2, 2021, the Division of Simplyice (DOJ) Antitrust Division sued To dam Penguin Random House, LLC’s acquisition of Simon & Schuster, Inc. Penguin is The Most very important e-book writer On the earth, and Simon & Schuster is the fourth hugest Inside the US. Based mostly on the DOJ, the merged agency would have US incomes equal to twice that of The subsequent rival. The acquisition was introduced on November 25, 2020, and worthd at roughly $2.175 billion.

Based mostly on the grievance, e-book publishing Inside the US Is very concentrated. There Are often thought-about to be 5 huge writers, Generally acknowledged As a Outcome of the huge Five. Penguin and Simon & Schuster are two of these corporations. The huge writers have An monumental benefit over smaller corporations because They will, For event:

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Source: https://www.reuters.com/legal/legalindustry/doj-challenges-book-publisher-merger-2021-11-02/

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