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Deal to sell Simon & Schuster possibly in the works

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Deal to sell Simon & Schuster possibly in the works

Feb 15 2023

Paramount Global is again seeking to sell Simon & Schuster, months after the media company's $2.2 billion deal to sell the book publisher to Penguin Random House collapsed, according to people familiar with the matter.

Paramount, formerly known as ViacomCBS, is working with a financial adviser to explore a sale of Simon & Schuster that could value it between $2 billion and $2.5 billion, the sources said, cautioning the process was at an early stage and a deal was not certain.

Source: Reuters

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