Paramount Sells Simon & Schuster to KKR Investment Firm for $1.6 billion
TL;DR Summary
Paramount is selling Simon & Schuster, the publishing house, to private investment firm KKR for $1.62 billion. The sale provides financial flexibility for Paramount and allows Simon & Schuster to enter its next phase of growth. The acquisition by KKR avoids antitrust objections, as KKR does not own another publishing company. Jonathan Karp and Dennis Eulau will continue to lead Simon & Schuster under KKR's ownership.
- Paramount Sells Simon & Schuster to KKR Investment Firm Vulture
- Paramount stock pops on earnings, KKR to buy Simon & Schuster Yahoo Finance
- After trying for three years, Paramount finally unloads Simon & Schuster for $1.6 billion CNN
- Paramount Agrees to Sell Simon & Schuster to KKR, a Private Equity Firm The New York Times
- Publishing giant Simon & Schuster has been sold to investment firm KKR NPR
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