this post was submitted on 07 Aug 2023
6 points (100.0% liked)

Books

17 readers
1 users here now

founded 2 years ago
6
Paramount to sell Simon & Schuster to KKR for $1.6 Billion Cash (www.cnn.com)
submitted 1 year ago by JelloBrains@kbin.social to c/books@kbin.social
3 comments fedilink hide all child comments
 

Paramount has agreed to sell Simon & Schuster to private equity firm KKR for $1.6 billion in cash, after more than three years of trying to offload the book publishing powerhouse.

you are viewing a single comment's thread
view the rest of the comments
[–] JelloBrains@kbin.social 3 points 1 year ago

I'm not thrilled after what they've done to other companies, looking at you Toys 'R Us, and what they've done since taking control of OverDrive. Probably better than letting Penguin Randomhouse have a more significant cut of publishing, but not much.