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.
, Simon & Schuster's current owner, to help launch an appeal and extend the deal contract before it expires on Monday, the sources said.
The sources requested anonymity ahead of official announcements this week. Paramount declined to comment, while a Bertelsmann spokesperson did not respond to a request for comment.
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