Stephen King To Testify For Feds Against Penguin-Simon Merger

  • Stephen King is expected to testify on behalf of the Justice Department in federal court in a trial that will determine whether two book publishers can legally merge.
  • Penguin Random House, one of the largest book publishers in America, planned to buy rival Simon and Schuster in November 2020. However, in November 2021, the DOJ sued to block the $2.2 billion merger of renowned book publishers, claiming that such a move would give one company a deciding role in which books are published in the U.S.