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Simon & Schuster purchased by private equity firm KKR for $1.62 billion

Por: ABC News Entertainment August 08, 2023

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NEW YORK -- Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market. An executive for KKR is calling the deal a chance to work with “one of the most effective” book publishers.The private equity giant will buy Simon & Schuster for $1.62 billion in cash, said Paramount Global, the... + full article



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