HomeBusinessPenguin Random House scraps $2.2 billion deal to merge with Simon & SchusterFILE PHOTO: Penguin books are seen in a bookshop in Estimated read time 1 min read FILE PHOTO: Penguin books are seen in a bookshop in FILE PHOTO: Penguin books are seen in a used bookshop in central London October 29, 2012. REUTERS/Stefan Wermuth/File Photo