The US Department of Justice is suing Penguin Random House and Simon & Schuster to block the companies from completing a merger. Photo: AFP
The Justice Department in the United States is suing to block a US$2.2bil (RM9.1bil) book publishing deal that would have reshaped the industry, saying consolidation would hurt authors and, ultimately, readers.
German media giant Bertelsmann's Penguin Random House, already the largest American publisher, wants to buy New York-based Simon & Schuster, whose authors include Stephen King, Hillary Clinton and John Irving, from TV and film company ViacomCBS.
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