After its $2 billion-plus agreement to sell Simon & Schuster fell apart last October, Paramount Global has found a new buyer for the book publishing giant at a slightly discounted all-cash price point of $1.62 billion.Private equity firm KKR has entered into an agreement to acquire the assets of Simon & Schuster, the companies said August 7. In opting to sell to a buyer not affiliated with the “Big Five” group of publishers — which includes prior suitor Penguin Random House along with HarperCollins, Hachette Book Group and Macmillan — Paramount appears to think this is the deal that can finally clear regulatory approval.
Source: Simon & Schuster Sells to KKR As Paramount Makes New Deal – The Hollywood Reporter