UK watchdog investigates Penguin owner's Simon & Schuster takeover

ads

CMA says it is considering whether Penguin Random House’s $2bn deal would lessen competition

The UK competition watchdog has launched an investigation into Penguin Random House’s (PRH) $2bn (£1.45bn) takeover of rival book publisher Simon & Schuster.

The Competition and Markets Authority said on Monday it was considering whether the deal, which cements PRH’s position as the world’s biggest book publisher, would result in a “substantial lessening of competition within any market or markets in the United Kingdom for goods or services”.

READ  Isle of Wight festival moves to September as Download and Primavera cancel

Continue reading...

ads

Be the first to comment

Leave a Reply