Paramount Closes $1.62B Sale Of Simon & Schuster To Investment Firm KKR

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Paramount has completed the $1.62 billion sale of book publisher Simon & Schuster to investment firm KKR, nearly a year after a richer sale to Penguin Random House ran aground over regulatory i…

Paramount has completed the $1.

62 billion sale of book publisher Simon & Schuster to investment firm KKR, nearly a year after a richer sale to Penguin Random House ran aground over regulatory issues. The all-cash transaction, announced last August, makes Simon & Schuster a stand-alone private company and the only independent major trade publisher. Last

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