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The business of book publishing is rarely a thriller. But the sale of Simon & Schuster has become a page turner. More than nine months after US regulators blocked its sale to Penguin Random House, the publishing house behind blockbuster authors such as Colleen Hoover and Stephen King is the subject of new dealmaking.
Private equity group KKR is in advanced talks to acquire Simon & Schuster from media group Paramount for more than $1.6bn. Other bidders include Rupert Murdoch’s HarperCollins. But a bid from KKR would sidestep regulatory concerns that a trade sale could lead to monopsony and
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