Simon & Schuster's owner to let sale to Penguin fall apart, sources say
Source: Reuters
NEW YORK, Nov 20 (Reuters) - Book-publishing powerhouse Simon & Schuster's owner will let its $2.2 billion sale to Penguin Random House collapse on Monday, opening the door for a new suitor to try to clinch a deal, according to people familiar with the matter.The acquisition was blocked on Nov. 1 by a federal judge on antitrust grounds. German media group Bertelsmann SE & Co (BTGGg.F), which owns Penguin, was…
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