Bertelsmann: plans to appeal ruling on Penguin Random House book merger
By Syndicated ContentNov 1, 2022 | 2:48 AM
BERLIN (Reuters) – German media group Bertelsmann SE & Co, owner of Penguin Random House, said on Tuesday it would appeal a ruling by a U.S. court against a planned merger of Penguin and rival Simon & Schuster.
“A merger would be good for competition,” said Bertelsmann Chief Executive Thomas Rabe in a statement, adding: “We will be filing a motion to appeal with the D.C. Court of Appeals.”
(Writing by Miranda Murray, editing by Rachel More)
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