Penguin Random House and Simon & Schuster ditch $2.2B merger deal | CBC News

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Penguin Random House, the world's largest book publisher, and rival Simon & Schuster have scrapped a $2.2 billion US deal to merge, Penguin owner Bertelsmann said in a statement.

Thomson ReutersPenguin books are seen in a used bookshop in central London on Oct. 29, 2012. Penguin Random House, the world's largest book publisher, and rival Simon & Schuster have scrapped a $2.2 billion US deal to merge.

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