The deal is off – Breaking News & Latest Updates 2026
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Emma Roth
The deal is off.

Penguin Random House has scrapped its $2.2 billion merger with the Paramount-owned Simon & Schuster.

A judge blocked the deal last month — which would’ve brought together two of the world’s largest book publishers — stating it could “lessen competition” between “top-selling books.” Penguin Random House no longer plans to appeal the decision.

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