16 November 2020
That HC and PRH are the two leading companies for HC is no surprise. HC has long eyed further expansion into book publishing and, as PW previously reported, HC CEO Brian Murray noted at a company Town Hall meeting this summer that the publisher was looking at acquiring S&S. PRH, seen by some as possibly too big to acquire S&S, was thrust into the mix in September when Thomas Rabe, CEO or PRH parent company Bertelsmann, told the Financial Times that the company was indeed very interested in buying S&S and said he had no antitrust concerns. "We looked at [antitrust concerns] and we don't think it is an issue," Rabe told the FT.
