The feds tried to pull the plug Thursday on the Microsoft deal with Activision deal. The Federal Trade Commission said it would sue Microsoft to block its attempt to acquire the video game maker. According to the FTC, "Microsoft would have the means and motive to harm competition." Read More...
Reuters
Penguin Random House CEO to quit after merger blocked
BERLIN (Reuters) -Penguin Random House head Markus Dohle will step down at the end of the year after a U.S. judge blocked a planned $2.2 billion merger of the world’s largest publisher and rival Simon & Schuster, the company said in a statement on Friday. Nihar Malaviya, who is president and chief operating officer of Penguin Random House U.S., will take over as interim CEO from Jan. 1, the company said. Thomas Rabe, chief executive of Penguin’s German owner Bertelsmann, expressed full confidence in Malaviya, who he said had a chance of permanently becoming CEO.
