merger
Penguin Random House CEO to quit after merger blocked
Thomas Rabe, chief executive of Penguin's German owner Bertelsmann, expressed full confidence in Malaviya, who he said had a chance of permanently becoming CEO.
11 December 2022, 11:55 AM
US judge says Penguin Random House book merger cannot go forward
In hearings held in August, the government argued that the largest five publishers control 90% of the market, and a combined Penguin and Simon & Schuster would control nearly half of the market for publishing rights to blockbuster books while its nearest competitors would be less than half its size.
2 November 2022, 12:00 PM