Britain probes publisher Penguin's takeover of Simon & Schuster

Paramount Global

22/03/2021 07:39

March 22 (Reuters) - Britain's competition watchdog said on
Monday it is investigating whether book publisher Penguin Random
House's $2.18 billion takeover of Simon & Schuster may reduce
competition.
    Penguin-owner Bertelsmann  BTGGg.F  said last year it had
agreed to buy publisher Simon & Schuster from ViacomCBS
 VIACA.O  to strengthen its presence in the United States.

 (Reporting by Tanishaa Nadkar in Bengaluru)
 ((tanishaa.nadkar@thomsonreuters.com; +919730172534; Twitter -
@TanishaaNadkar;))