In a private Zoom session on Monday, Penguin Random House ceo Markus Dohle announced to literary agents in answer to a frequently posed question that the company will allow competitive bidding between PRH and Simon & Schuster imprints in the US after the acquisition has closed. “We will treat Penguin Random House and Simon & Schuster imprints as external parties in auctions for bidding purposes, post closing,” Dohle said. “This means very concretely, the auction will continue, even if the only imprints left are a PRH imprint and an S&S imprint.” He did reserve the right, “for governance reasons,” that […]