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The book publisher will go private once the deal closes and will be led by Jonathan Karp, its current CEO and president, and Dennis Eulau, COO and CFO. Paramount posted Simon & Schuster for sale in 2020.
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Penguin Random House is the largest publishing company in the world, and they had their eyes set on one of the other large publishers, Simon & Schuster. The PRH
Paramount Global has found a new buyer for the book publishing giant.
Paramount’s previous $2.2 billion deal to sell Simon & Schuster was struck down in 2022 following a lawsuit by the Department of Justice.