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News Corp. Slams Notion of Bertelsmann Buying Simon & Schuster

Nov. 18, 2020, 10:32 PM

Rupert Murdoch’s News Corp. warned that German media giant Bertelsmann AG could have trouble getting regulatory approval to buy Simon & Schuster, which is up for sale in a bidding process wrapping up soon.

“It will clearly be a serious antitrust issue” if Bertelsmann tries to acquire the publisher, News Corp. Chief Executive Officer Robert Thomson said at the company’s annual meeting Wednesday. “However cute and clever the structure, if Bertelsmann is a beneficiary, it will be a book behemoth and this will certainly be a profound antitrust issue for the entire book industry and no doubt for authors ...