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HomeMarketplans to appeal ruling on Penguin Random House book merger By Reuters

plans to appeal ruling on Penguin Random House book merger By Reuters

© Reuters. FILE PHOTO: German media group Bertelsmann CEO Thomas Rabe attends the annual news conference in Berlin, Germany, March 28, 2017. REUTERS/Hannibal Hanschke
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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.”

Story Credit: investing.com

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