Paramount sells Simon & Schuster to private investment firm
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.
by Elizabeth Blair
Aug 07, 2023
1 minute
Updated August 7, 2023 at 6:21 PM ET
Simon & Schuster has been acquired by private investment firm KKR for $1.62 billion, according to a joint statement between the firm and the publishing giant's parent
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