Law 360 M&A

AUGUST 10, 2022

federal court on Wednesday that finding the best book deals for authors is more about finding the right editor than securing a high advance payment, as the government continues its bid to block Penguin Random House's purchase of Simon & Schuster. A former literary agent told a D.C.

75

75

The Guardian M&A

NOVEMBER 4, 2022

As such, they have great cultural and – if a book takes off – economic power. A case decided in a US court this week provided an insight into just how much of that power is now concentrated in a small handful of multinational companies. PRH, itself the result of a mega-merger in 2013, runs about 300 imprints. Continue reading.

Marketability 65

Marketability 65

Benzinga

NOVEMBER 21, 2022

Paramount Global (NASDAQ: PARA ), the owner of Simon & Schuster's book-publishing unit, will let its $2.2 billion sale to Penguin Random House collapse, opening doors to new suitors. According to book tracker. A federal judge blocked the acquisition on antitrust grounds.

52

52

Law 360 M&A

AUGUST 11, 2022

federal judge on Thursday that there's more to negotiating a book deal than landing the largest possible advance, while throwing cold water on the government's fears over the merger of Penguin Random House and Simon & Schuster. A nonfiction author and several agents told a D.C.

40

40

John Jenkins

NOVEMBER 2, 2022

District Judge Florence Pan permanently enjoined Penguin Random House’s proposed acquisition of Simon & Schuster. In doing so, Judge Pan found that the deal would substantially lessen competition in the market for publishing rights to anticipated top-selling books. On Monday, U.S.

Marketability 40

Marketability 40

Benzinga

NOVEMBER 22, 2022

Simon & Schuster's Penguin Random House Deal Falls Apart, Opens Door To New Potential Bidders. Paramount Global (NASDAQ: PARA ), the owner of Simon & Schuster's book-publishing unit, will let its $2.2 billion sale to Penguin Random House collapse, opening doors to new suitors.

Start-ups 52

Start-ups Banking Technology Marketability 52

NYT M&A

OCTOBER 30, 2023

The process of selling Simon & Schuster has been long and tumultuous, and was waylaid by an earlier antitrust suit.

Mergers & Acquisitions 109

Mergers & Acquisitions Equity 109

NYT M&A

AUGUST 6, 2023

The deal with KKR, a private equity firm, is said to be valued at roughly $1.62 billion, and could be announced as soon as Monday.

Private Equity Firm 98

Private Equity Firm Equity Mergers & Acquisitions 98

NYT M&A

AUGUST 2, 2023

The move to acquire the publisher, one of the five largest in the country, comes after the government blocked a deal last year on antitrust concerns.

Mergers & Acquisitions 91

Mergers & Acquisitions 91

NYT M&A

DECEMBER 9, 2022

Penguin Random House, has stepped down. The chief executive of the largest publisher in the U.S., Markus Dohle oversaw the attempted acquisition of Simon & Schuster.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

NYT M&A

NOVEMBER 20, 2022

Penguin Random House’s agreement to buy Simon & Schuster is set to fall through. Simon & Schuster’s parent company decided not to extend it after a judge blocked the purchase.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

NYT M&A

AUGUST 11, 2022

The proposed merger of Penguin Random House and Simon & Schuster accelerates industry trends toward the production of best-sellers at the expense of the incubation of new voices or ideas.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

NYT M&A

AUGUST 19, 2022

The book world can be opaque to outsiders. A case offered an unusual glimpse into it, revealing curiosities about the business and details about book deals.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

NYT M&A

OCTOBER 31, 2022

The government’s case blocked the merger of two of the United States’ largest publishers and reflected a more aggressive approach to curbing consolidation. It was closely watched by the publishing industry.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

NYT M&A

AUGUST 2, 2022

“Consolidation is bad for competition,” Mr. King said in the trial that will determine whether Penguin Random House may acquire Simon & Schuster.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

NYT M&A

AUGUST 15, 2022

Madeline McIntosh argued that the publishing industry extends far beyond its biggest players, and that the government has focused on a tiny sliver of deals.

Mergers & Acquisitions 75

Mergers & Acquisitions 75

NYT M&A

NOVEMBER 1, 2022

The uncertainty comes at a time when publishing is facing slumping sales after a pandemic boom, and fears of recession.

Mergers & Acquisitions 83

Mergers & Acquisitions 83

NYT M&A

AUGUST 11, 2023

The deal will put control of a cultural touchstone in the hands of a private equity firm

Private Equity Firm 60

Private Equity Firm Equity Mergers & Acquisitions 60

Reynolds Holding

JANUARY 18, 2023

The DOJ won its challenge to the Penguin Random House-Simon & Schuster merger. There, the DOJ’s theory was that the merger would harm authors, particularly authors of “top-selling” books, by diminishing competition for book advances. publishing rights to anticipated top-selling books. Sugar matters.

Equity 53

Equity Marketability Private Equity Firm Compliance 53

NYT M&A

JULY 31, 2022

The Biden administration is suing to block Penguin Random House from buying Simon & Schuster. A United States District Court will decide if the sale can proceed.

Mergers & Acquisitions 98

Mergers & Acquisitions 98

NYT M&A

AUGUST 1, 2022

The trial to decide whether the publishing giant may buy Simon & Schuster is a test of the Biden administration’s push to expand antitrust enforcement.

Mergers & Acquisitions 76

Mergers & Acquisitions 76