The Wall Street Journal: Paramount won’t back appeal of ruling blocking sale of Simon & Schuster

November 21, 2022

Paramount Global has decided not to support an appeal of a recent ruling that blocked the planned $2.18 billion sale of its Simon & Schuster book-publishing unit to rival Penguin Random House, according to people familiar with the situation.

Paramount
PARA,
-0.75%
is expected to announce a decision early this week, the people said.

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