Topline
Paramount Global struck a deal on Monday to sell off publishing giant Simon & Schuster to private equity firm KKR for $1.62 billion, the media company announced, two years after a colossal deal to sell the publisher fell apart due to antitrust issues.
Key Facts
KKR will acquire the publisher in an all-cash transaction, CBS parent Paramount announced, making Simon & Schuster a standalone private company under its current CEO Jonathan Karp and COO Dennis Eulau.
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