In the News
Competition Policy - Mega Publishing Merger is Blocked
1st November 2022
Mergers and takeovers are rarely blocked, so this is a good example to add to your Year 13 microeconomics notes on monopoly and competition in markets.
The US courts have, initially blocked the proposed merger between publishing giants Penguin and Simon & Schuster, arguing that the deal could substantially reduce competition in the sector to the detriment of consumers.
It seems as though the Biden Presidency has sought to promote more pro-active competition policy.
US court blocks Penguin merger with Simon & Schuster https://t.co/tFxmprnna3
— BBC Business (@BBCBusiness) November 1, 2022
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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