Simon & Schuster purchased by private equity firm KKR for $1.62 billion | AP News

Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market. An executive for KKR is calling the deal a chance to work with %u201Cone of the most effective%u201D book publishers.

Simon & Schuster purchased by private equity firm KKR for $1.62 billion

Thanks Robin!