Simon & Schuster purchased by private equity firm KKR for .62 billion
FILE - A book published by Simon & Schuster is displayed on July 30, 2022, in Tigard, Ore. Simon & Schuster has been sold to the private equity fir...
FILE - A book published by Simon & Schuster is displayed on July 30, 2022, in Tigard, Ore. 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. Paramount Global, the parent company of the storied book publisher said on Monday, Aug. 7, 2023, that the private equity giant will buy Simon & Schuster for $1.62 billion in cash .(AP Photo/Jenny Kane, File) NEW YORK — 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 in the book market.