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 , which owns Penguin, was unable to convince Paramount Global, Simon & Schuster’s current owner, to help launch an appeal and extend the deal contract before it expires on Monday, the sources said.
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