Private equity firm KKR buys Simon & Schuster for $1.6B
By Ramishah Maruf | CNN Paramount has agreed to sell Simon & Schuster to private equity firm KKR for $1.6 billion in cash, after more than three years of trying to offload the book publishing powerhouse. Bob Bakish, president and CEO of Paramount Global, said Simon & Schuster is a “fantastic…
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