Paramount scraps $2.2bn sale of Simon & Schuster publishing to Penguin

Penguin Random House, the world’s largest book publisher, and rival Simon & Schuster have scrapped a $2.2bn deal to merge, Penguin’s owner said in a statement on Monday. Bertelsmann, a German media group which owns Penguin, initially said it would appeal a US judge’s decision that said its purchase …


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