Paramount Global Terminates $2.2B Simon & Schuster Sale But Still Wants Out Of Publishing Biz

A major publishing deal is officially dead in the water as Paramount Global scrapped its sale of Simon & Schuster to Bertelsmann’s Penguin Random House, declining to pursue an appeal after the Department of Justice sued to block the merger and a federal judge upheld the government’s position. The sale was announced two years ago, […]

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