Horror author Stephen King testifies against $2bn Penguin merger

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Best-selling horror author Stephen King testified against Penguin Random House’s proposed $2.18 billion acquisition of Simon & Schuster, saying it would weaken competition in the publishing industry. The “Carrie” and “It” author took the stand Tuesday as a government witness in the Justice Department’s antitrust suit seeking to block the deal. He said consolidation in the publishing i...

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