Penguin Settles with the DOJ, Removing A Merger Hurdle and Answering A Merger Question

On Wednesday afternoon, the Department of Justice announced it had reached a settlement with Penguin, "one of the largest book publishers in the United States," of the ebook pricing lawsuit that Penguin had previously vowed to litigate in court. (Indeed, in April, Penguin Group ceo John Makinson had defiantly underscored that "alone…

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