Simon & Schuster sold to private equity firm KKR for $1.62bn

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 $1.62bn in cash,…

#simonschuster #kkr #paramountglobal #stephenking #colleenhoover #bobwoodward #hachettebookgroup #macmillan #harpercollins #rupertmurdochs