Why Stephen King battled his publisher to stop the $2.2bn merger of Penguin Random House and Simon & Schuster
Independent
The DOJ has had some setbacks in its attempt to ensure a fair and competitive marketplace across industries, but this is a solid victory. The federal government can only hope it can convince other judges to break with precedent and make decisions that’ll wisely enforce antitrust laws and limit future consolidation attempts by companies. This is a win against rampant mergers and acquisitions that hurt consumers in the end.
The DOJ shouldn’t get too carried away celebrating this win. There are still several other cases working their way through the courts, and the government will need to convince business-friendly federal judges. Look for more consolidation attempts as companies continue to view the DOJ as a paper tiger while assessing the benefits of corporate mergers.