Biden judge to hear U.S. challenge of Penguin Random House deal for Simon & Schuster

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEHA3116_L.jpg

The department said this week that the $2.175 billion deal would give the merged publishing company “outsized influence” over what Americans read.

Pan had initially been nominated to the court by then-President Barack Obama in 2009 but her nomination expired without confirmation. She spent 2009-2021 as an Associate Judge of the District of Columbia Superior Court. President Joe Biden re-nominated her in March.

German media group Bertelsmann, which owns Penguin Random House, last year agreed to buy Simon & Schuster from ViacomCBS (NASDAQ:VIAC), strengthening its presence in the United States and adding novelist Stephen King, Pulitzer Prize-winner Anthony Doerr and veteran journalist Bob Woodward (NASDAQ:WWD) to its stable of authors.