NEW YORK (AP) — 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
Simon & Schuster, one of the Big Five publishing houses in the world, has been sold to the private equity firm KKR, months after a US federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink in the book market.
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 "one of the most effective" book publishers.