Investment Firm KKR Acquires Simon & Schuster for US$1.62 Billion
Acquisition makes Simon & Schuster standalone private company
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Acquisition makes Simon & Schuster standalone private company
Paramount announced a deal this pasts week to sell Simon & Schuster, home to Stephen King, Colleen Hoover and many bestselling nonfiction authors, to the private investment giant KKR for
The greater media industry learned Monday that investment firm KKR is acquiring publisher Simon & Schuster from Paramount Global for $1.62 billion in an…
Paramount Global has sold Simon & Schuster to the private equity firm KKR. The deal comes nearly a year after the Department of Justice blocked Penguin Random House from acquiring Simon & Schuster.
Paramount Sells Simon & Schuster to KKR, private Investment Firm. They don’t own any other publishing houses, so it’s less likely that the DOJ will stop the sale on grounds of antitrust, as it did when Penguin Random House tried it.