November 27, 2022

Penguin Random Home’s $2.2bn deal for Simon & Schuster

Penguin Random Houses 22bn deal for Simon Schuster

Penguin Random Houses 22bn deal for Simon Schuster

Penguin Random Home’s proposed $2.2bn acquisition of Simon & Schuster has collapsed over antitrust issues, ending a expensive two-year effort to create a guide writer of unprecedented scale.

Simon & Schuster’s dad or mum firm, Paramount International, sounded the dying knell for the deal on Monday by deciding to not enchantment towards a ruling by a US federal choose that earlier this month blocked the tie-up on the grounds it will injury competitors.

The collapse is a critical blow to German…

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