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Paramount Global Near Deal To Sell Simon & Schuster To KKR

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deadline.com
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Paramount Global is close to announcing a sale of its publisher Simon & Schuster to private investment giant KKR, according to a person familiar with the situation.

Timing is always fluid but a deal could be announced as early as today. Paramount will report second-quarter earnings this afternoon.

It’s the second deal for the storied publisher. A previous agreement to sell the book publisher to Bertelsmann’s Penguin Random House was blocked by U.S.

regulators last year for being anti-competitive — a ruling that was upheld by a federal judge. A transaction with KKR wouldn’t face the same hurdles.

Read more on deadline.com
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