Edition: KKR in advanced discussion to buy Simon & Schuster

2023-08-04 13:22:34

New chapter in the Simon & Schuster saga. After several unsuccessful sales attempts, its owner, Paramount Global, is in advanced discussions with the KKR investment fund, with a view to selling the American publishing house to it for 1.65 billion dollars (1.5 billion euros). euros), reports the Wall Street Journal.

Paramount, which is due to publish its results on Monday, has put Simon & Schuster back up for sale this year, after its failed marriage to Penguin Random House, the number one publisher in the United States and a subsidiary of German Bertelsmann. This operation would have given birth to a new juggernaut of the world edition, but it was blocked last year by the American justice, amid antitrust fears.

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