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Britain probes publisher Penguin's takeover of Simon & Schuster

March 22 (Reuters) - Britain’s competition watchdog said on Monday it is investigating whether book publisher Penguin Random House’s $2.18 billion takeover of Simon & Schuster may reduce competition.

Penguin-owner Bertelsmann said last year it had agreed to buy publisher Simon & Schuster from ViacomCBS to strengthen its presence in the United States. (Reporting by Tanishaa Nadkar in Bengaluru)

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