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November 2, 2021By Katy Hershberger

S&S “Committed” to Fight DOJ and “Will Carry On”

November 2, 2021By Katy Hershberger

In a memo to employees on Tuesday, Simon & Schuster president and ceo Jonathan Karp echoed Penguin Random House’s statement that they will fight the Department of Justice’s lawsuit to block the merger of the two houses. “Penguin Random House is determined to fight vigorously to bring this transaction to fruition and we will be doing all we can to help in those efforts,” he wrote. Additionally, “We are committed to working together with PRH to fight this lawsuit.” (The DOJ suit names ViacomCBS as a defendant, alongside Bertelsmann and PRH.) Karp writes, “Notably, DOJ has not alleged that the […]

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Filed Under: DOJ, Legal, M&A

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