The sale of S&S to Bertelsmann will create a ‘book behemoth’
Wednesday, 2 December 2020 Books+Publishing @booksandpublishing
‘There is clearly no market logic to a bid of that size—only anti-market logic. Bertelsmann is not just buying a book publisher, but buying market dominance as a book behemoth … There will certainly be legal books written about this deal, though I wonder if Bertelsmann would publish them.’—News Corp chief executive Robert Thomson condemns Bertelsmann’s acquisition of Simon & Schuster—months after News Corp subsidiary HarperCollins showed interest in buying the publisher.
Category: Quote of the week
