Penguin Random House CEO to quit after merger blocked

The publisher said in a statement that Mr Dohle had resigned"at his own request and on the best of mutual terms".

Thomas Rabe, chief executive of Penguin's German owner Bertelsmann, expressed full confidence in Malaviya, who he said had a chance of permanently becoming CEO.He said the company would focus on smaller and mid-size acquisitions in the United States and other countries. Bertelsmann initially said it would appeal the US judge's decision but then last month decided to scrap the deal after discussions with Paramount Global, Simon & Schuster's owner.

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