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Simon & Schuster Parent Nixes Blocked Penguin Deal

Law 360 M&A

The parent company of Simon & Schuster on Monday called off the planned sale of the publishing giant to Penguin Random House LLC, closing off Penguin's plans to appeal a D.C. federal judge's decision blocking the deal.

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Davis Polk Discusses Biden’s Executive Order on Competition, One Year Later

Reynolds Holding

On the merger front, for example, the DOJ has challenged Penguin Random House’s proposed acquisition of Simon & Schuster on the ground that the deal would supposedly reduce competition for publishing rights and suppress compensation paid to authors. Lactalis and The Kraft Heinz Company ; (6) U.S. 5, 2021), [link].