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Penguin scraps $2.2bn deal to buy rival publisher

Publishing giant Penguin Random House has scrapped a $2.2bn (£1.9bn) planned takeover of rival Simon & Schuster. Last month, a US court blocked the deal, saying it could “substantially” weaken competition in the industry. Penguin’s parent company Bertelsmann said Paramount Global, the owner of Simon & Schuster, decided not to appeal the ruling. The proposed […]

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FG lists gains of UNWTO tourism confab hosted by Nigeria

The Federal Government says the just-concluded global tourism confab held at the National Theatre, Lagos, was a success with immense takeaways for Nigeria. Minister of Information and Culture, Alhaji Lai Mohammed, made the declaration on Monday in Abuja when he featured on Nigeria Television Authority’s programme: “Good Morning Nigeria’’ monitored by the News Agency of […]