Penguin Random House is owned by the German conglomerate Bertelsmann. The deal comes with protections for ViacomCBS in the form of a termination fee should the new "megapublisher" trigger antitrust concerns that stop the sale.is one who suspects it won't be an easy road for the new company.
"It will clearly be a serious antitrust issue,", adding "however cute and clever the structure, if Bertelsmann is a beneficiary, it will be a book behemoth and this will certainly be a profound antitrust issue for the entire book industry and no doubt for authors around the world."The 96-year-old Simon & Schuster, whose star authors include
No wonder half of Obama's first editions were sent to Gdrmany for printing. Teddy Kennedy must be rolling around in his grave.
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