Penguin Random House’s pending $2.175 billion deal to acquire Simon & Schuster drew headlines Monday following an announcement from the UK’s Competition & Markets Authority that it launched a merger inquiry last Friday. Of potentially greater significance, however, and reported here exclusively, is that the acquisition is now facing a more detailed level of scrutiny from regulators in the US. Within the last week or so, employees report, the Department of Justice extended its review with a “second request” for more detailed information. Second requests require a far more extensive, and expensive, production of documents and information from the deal […]
