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!
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