Paramount to Sell Simon & Schuster to KKR for $1.62 Billion

Paramount to Sell Simon & Schuster to KKR for $1.62 Billion

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Simon & Schuster, which is nearly a century old, is the publishing home of many high-profile authors including Stephen King and Bob Woodward. Paramount Global said it has agreed to sell book publisher Simon & Schuster to private-equity firm KKR for $1.62 billion in cash, a financial boost that the…

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