Breaking: @JusticeATR is suing to block the merger of Simon & Schuster and Penguin Random House
Be careful what you say in your private correspondence... Complaint excerpt: "There is no reason to accept the ha
Also maybe not the best strategy to taunt DOJ antitrust in your internal docs. Complaint excerpt: "Penguin Random House and Simon & Sc
For all my #antitrust nerds out there, this case will be very interesting because 5-4 and a pure monoposony theory case.

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More from @leah_nylen

2 Nov
In a joint statement, Simon & Schuster and Penguin Random House says they intend to "fight this lawsuit vigorously."
“This is a pro-consumer, pro-author, and pro-book seller transaction, which will allow increased investment in the publishing programs of both S&S and PRH. /1
"The transaction will bring PRH’s superior order fulfillment services to S&S’s titles, benefiting consumers by making it easier to discover new titles and less likely that books will be out of stock, particularly at local retailers. /2
Read 10 tweets
1 Nov
. @USDA's competition czar Andy Green says cybersecurity breaches, climate change and depletion of water resources, labor shortages and other problems are all magnified by the concentration in agriculture marketplace.
"The 40-experiment of lack of antitrust [enforcement] and market deregulation has come home to roost. Much like the 2008 financial crisis didn’t happen overnight, these problems were years in the making."
Green says the Biden/Harris USDA is working to reinvigorate the Packers & Stockyards Act and its protections against predatory practices in wholesale and retail meat markets.
Read 5 tweets
29 Oct
🧵I don’t post personal news much, but wanted to share why I support @Penguild. I became a journalist because I believe very deeply in transparency and sharing information so people can make decisions informed by facts.
My colleagues at @politico and @eenewsupdates are among the best in the business and I’m proud of how our hard work and dedication influence policy and politics the world over.
In my 15 years, I’ve been involved in 4 sales the latest Politico’s to Axel Springer. Each one has led to changes in benefits, bosses and sometimes layoffs. The day the sale closed, Politico informed us that because of an oversight our 401K and FSA are frozen for the rest of 2021
Read 5 tweets
28 Oct
Today’s the day! Senate Judiciary expected to vote on Jonathan Kanter nomination for @JusticeATR, the second to last step before his confirmation.
Now on to Kanter!
Sen. John Cornyn (R-Texas) says while he appreciates Kanter's focus on Big Tech, the antitrust division is broader than that and he is concerned about Kanter's criticism of the consumer welfare standard.
Read 10 tweets
22 Oct
New Google complaint is up!!…
First key stat unsealed: "Google’s exchange processes about 11 billion online ad spaces each day."
"Google owns the largest buy-side and sell-side brokers. As one senior Google employee admitted, '[t]he analogy would be if Goldman or Citibank owned the NYSE.'"
Read 79 tweets
1 Oct
In her briefing with reporters, EU VP Margrethe Vestager declines to comment on whether she will meet with Apple CEO Tim Cook, who also happens to be in New York today.
But Vestager said they are watching what Apple does to respond to the Epic decision. "We are not bound by the judgment in the Epic case because it’s not our jurisdiction but we will follow with great interest [Apple's] response to the judgment."
"It will be interesting for us to see how they implement this. It is very early days and we have no idea how it will be implemented. [The Epic decision] it has no impact on our casework.
Read 5 tweets

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