BERLIN Penguin Random House’s owner, the German media conglomerate Bertelsmann SE & Co, announced on Tuesday that it would appeal a decision by an American court that barred the combination of Penguin and rival Simon & Schuster.
In a statement, Thomas Rabe, chief executive officer of Bertelsmann, stated that “a combination would be healthy for competition” and added, “We will be filing a move to appeal with the D.C. Court of Appeals.”
Related: Bill Murray’s wallet was stolen, FIFA’s highlights were tokenized, Muse is at the top of the charts, and more…
