With the deadline to appeal Judge Florence Pan's October 31 decision closing in, reports from multiple media sources say that Simon & Schuster parent company Paramount Global has decided not to extend its purchase agreement, putting the sale to Penguin Random House close to collapse. Without an extension of the purchase agreement, which is reportedly set to expire on Tuesday, an appeal would be virtually impossible, and S&S would likely go back on the market.
PRH, S&S Deal Likely Dead
21 November 2022
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