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 Department of Justice filed the suit last month, seeking to block ViacomCBS from selling Simon & Schuster to Bertelsmann, the parent of Penguin Random House, in a $2.1 billion transaction.
Source: Penguin Random House Pushes Back on DOJ Suit Over Simon & Schuster Acquisition