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

Por: ABC News Business August 07, 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 in the book market. The private equity giant will buy Simon & Schuster for $1.62 billion in cash, said Paramount Global, the parent company of the storied book publisher. Paramount will use sale proceeds to pay down debt.Simon &... + full article



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