Attorneys for Penguin Random House and ViacomCBS argued on Monday that the proposed sale of Simon & Schuster will benefit authors, and should not be blocked under federal antitrust law. The Dep…
argued on Monday that the proposed sale of Simon & Schuster will benefit authors, and should not be blocked under federal antitrust law., seeking to block ViacomCBS from selling Simon & Schuster to Bertelsmann, the parent of Penguin Random House, in a $2.1 billion transaction.
In a formal answer filed in court on Monday, the companies argued that the deal is actually “pro competitive” and should be approved. ViacomCBS and Bertelsmann announced the deal in November 2020, but it has been delayed due to the DOJ review. ViacomCBS is looking to spin off an asset it acquired in 1994, as part of its acquisition of Paramount Communications.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'SNL' nails the crazy holiday cards we receive from friends and family'SNL' pokes fun at Christmas cards: 'A long, braggy list of what our family did this year'
Baca lebih lajut »
Eric Adams' push in Council speaker's race hitting oppositionAdams and his political advisers have been quietly backing Queens Council Member Francisco Moya in the in-house race to lead the Council, and were in good standing earlier this week.
Baca lebih lajut »
Yes, You Can Wear a Bra Top in the WinterYes, even in December you can wear a bra top. Learn how with these tips.
Baca lebih lajut »
Why are companies mandating a return to the office in 2021?Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
Here's Beyoncé Kissing Jay-Z in a Sparkly Silver Gucci x Balenciaga SuitBey shared an intimate look at Jay-Z's birthday celebration.
Baca lebih lajut »
Britain Increases Scrutiny of Foreign Takeovers as U.S. Deals SurgeThe U.K. is putting foreign takeovers of its businesses under greater scrutiny, complicating a popular route to overseas expansion for American companies as they spend record amounts on British acquisitions.
Baca lebih lajut »