[ad_1] It seemed to many in book publishing like good news last November when the Department of Justice successfully sued to block Penguin Random House (PRH) from acquiring Simon & Schuster. PRH is the largest publisher in the United States and S & S is third. Together they might have controlled more than half the… Continue reading Explaining Simon & Schuster’s sale to investment firm KKR
Tag: KKR
Paramount Sells Simon & Schuster to KKR Investment Firm
[ad_1] Photo: TOLGA AKMEN/AFP/Getty Images After more than a year of back & forth with the DOJ over its fate, Simon & Schuster stands alone. Paramount has sold the publishing house to KKR, a private investment firm, for $1.62 billion. “We are pleased to have reached an agreement on a transaction that delivers excellent value… Continue reading Paramount Sells Simon & Schuster to KKR Investment Firm
Paramount sells Simon & Schuster to KKR for $1.62 billion
[ad_1] Paramount announced a deal Monday to sell Simon & Schuster, home to Stephen King, Colleen Hoover and many bestselling nonfiction authors, to the private investment giant KKR for $1.62 billion only months after a $2-billion-plus sale to publishing giant Penguin Random House was nixed last October. The companies announced the all-cash agreement on Monday.… Continue reading Paramount sells Simon & Schuster to KKR for $1.62 billion