Advertisement
UK markets closed
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • CRUDE OIL

    82.72
    +1.37 (+1.68%)
     
  • GOLD FUTURES

    2,238.80
    +26.10 (+1.18%)
     
  • DOW

    39,758.94
    -1.14 (-0.00%)
     
  • Bitcoin GBP

    55,942.56
    +1,236.25 (+2.26%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,373.08
    -26.45 (-0.16%)
     
  • UK FTSE All Share

    4,338.05
    +12.12 (+0.28%)
     

Bertelsmann: plans to appeal ruling on Penguin Random House book merger

FILE PHOTO: German media group Bertelsmann CEO Rabe attends the annual news conference in Berlin

BERLIN (Reuters) - German media group Bertelsmann SE & Co, owner of Penguin Random House, said on Tuesday it would appeal a ruling by a U.S. court against a planned merger of Penguin and rival Simon & Schuster.

"A merger would be good for competition," said Bertelsmann Chief Executive Thomas Rabe in a statement, adding: "We will be filing a motion to appeal with the D.C. Court of Appeals."

(Writing by Miranda Murray, editing by Rachel More)