Clashing views mark opening arguments in DOJ suit to bar PRH-S&S merger

Attorneys for the Justice Department and Penguin Random House squared off on Monday in the first day of an antitrust trial, as the government challenges the publishing giant’s proposed $2.2 billion acquisition of Simon & Schuster. “This proposed merger must be stopped,” John Read, the Justice Department’s attorney, said in opening arguments.

Source: Penguin Random House-Simon & Schuster Merger Won’t Drive Down Author Advances And They Will “Continue To Go Up,” Publisher’s Attorney Says At Opening Of Antitrust Trial — Update