U.S. sues to stop Penguin Random House bid to buy Simon & Schuster

WASHINGTON, Nov 2 (Reuters) - The U.S. Justice Department filed a lawsuit on Tuesday aimed at stopping Penguin Random House, the world's biggest book publisher, from buying competitor Simon & Schuster, saying the deal would give the company "outsized influence" over what Americans read.

German media group Bertelsmann, which owns Penguin Random House, last year agreed to pay $2.175 billion in cash to buy Simon and Schuster from ViacomCBS, strengthening its presence in the United States and adding novelist Stephen King, Pulitzer Prize winner Anthony Doerr and veteran journalist Bob Woodward to its stable of authors.

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