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



© Reuters. FILE PHOTO: Penguin books are seen in a used bookshop in central London October 29, 2012. REUTERS/Stefan Wermuth

WASHINGTON (Reuters) – Decide Florence Pan, who was confirmed to the U.S. District Court docket for the District of Columbia in September, has been tapped to listen to the Justice Division’s bid to dam Penguin Random Home’s deal to amass competitor Simon & Schuster.

The division stated this week that the $2.175 billion deal would give the merged publishing firm “outsized affect” over what Individuals learn.

Pan had initially been nominated to the courtroom by then-President Barack Obama in 2009 however her nomination expired with out affirmation. She spent 2009-2021 as an Affiliate Decide of the District of Columbia Superior Court docket. President Joe Biden re-nominated her in March.

German media group Bertelsmann, which owns Penguin Random Home, final yr agreed to purchase Simon & Schuster from ViacomCBS (NASDAQ:), strengthening its presence in the USA and including novelist Stephen King, Pulitzer Prize-winner Anthony Doerr and veteran journalist Bob Woodward (NASDAQ:) to its steady of authors.

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