( December 23, 2020, 10:24 GMT | Official Statement) -- MLex Summary: Book streaming and publishing company Storytel has abandoned its plan to buy a 70 percent stake in Icelandic publisher and bookseller Forlagið, the national competition agency said today. The move comes after the authority sent its objections about the deal to the companies last month, setting out concerns that the transaction would hamper competition in the markets for books in Icelandic, especially printed books and audio books. On Dec. 21, the parties informed the watchdog of their decision to drop the merger, without proposing any remedies.Statement follows. ...
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