UK watchdog investigates Penguin owner's Simon & Schuster takeover

CMA says it is considering whether Penguin Random House’s $2bn deal would lessen competitionThe 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”. Continue reading... https://www.theguardian.com/books/2021/mar/22/uk-watchdog-investigates-penguin-owner-simon-schuster-takeover-random-house #penguin_random_house #bertelsmann #books #competition_and_markets_authority #culture #publishing #regulators #mergers_and_acquisitions #business #media_business #uk_news