![]() You can read more about this story at the New York Times. Simon & Schuster has has had record sales recently, and its chief executive has said, “We are more successful and valuable today than we have ever been.” The acquisition came four months after Penguin Random House said it would purchase Simon & Schuster for 2.18 billion from ViacomCBS, sending shockwaves through the book publishing world about the. ![]() It’s unclear what will happen to Simon & Schuster now, but they are still looking for a buyer, and Hachette and HarperCollins have both expressed interest during the trial. NEW YORK A federal judge has blocked Penguin Random Houses proposed purchase of Simon & Schuster, agreeing with the Justice Department that the joining of two of the worlds biggest. The proposed merger between Penguin Random House and Simon & Schuster has attracted the attention of the Justice Department, which is concerned that the 2. The Justice Department is claiming that a Penguin Random HouseSimon & Schuster merger would suppress competition for top sellers, driving down. The deal falling through means that Paramount will receive a $200 million termination fee from Penguin Random House. Merrick Garland (Photo by Lenin Nolly/NurPhoto via AP) The Justice Department sued to block Penguin Random House ’s proposed merger with Simon & Schuster, arguing that. Paramount has now stated that they will not be extending it from the November 22nd deadline. In order to do that, they would need Paramount (Simon & Schuster’s parent company) to extend the deadline for the deal. : The CMA has cleared the anticipated acquisition by Penguin Random House LLC of the Simon & Schuster book publishing. it was about preserving (and growing) PRHs market share. against its proposed merger deal with Penguin Random House (PRH). Penguin Random House Courts Simon & Schuster to Support Its Buyout Appeal (Report). While that was a blow to the merger, it wasn’t officially over: Penguin Random House had been planning to appeal the decision. publisher Simon & Schuster (S&S), will not seek to challenge the. ![]() On October 31st, a federal judge ruled against the merging of Penguin Random House and Simon & Schuster, saying that it would “substantially lessen competition” in publishing.
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