Business > Books

Penguin Random House and Simon & Schuster propose $2.1B mega-merger

2 monthes ago   |   By New York Post

Penguin Random House has reached a $2.1 billion deal to acquire Simon & Schuster from ViacomCBS - a tie-up that would create a colossus distributing about a third of all books sold in the US. The merger would create a publishing house of unrivaled size, uniting Penguin Random House - the biggest book publisher in...
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ViacomCBS sells Simon & Schuster to Penguin Random House owner for $2.2 billion

ViacomCBS sells Simon & Schuster to Penguin Random House owner for $2.2 billion

2 monthes ago   |   By Fortune

ViacomCBS agreed to sell its Simon & Schuster book publishing business to German media giant Bertelsmann for $2.18 billion, part of the broadcaster's plan to exit nonstrategic businesses.
The all-cash deal is expected to close next year, Bertelsmann said in a statement Wednesday. The acquisition adds heft to Bertelsmann's publishing portfolio and fits with plans to expand the company's Penguin Random House unit. Meanwhile, ViacomCBS sheds a noncore asset as it shifts its focus to streaming.
The closely held German company's bid beat out News Corp.'s HarperCollins and Vivendi, which were...
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Germany's Bertelsmann to buy Simon & Schuster in $2.17B cash deal

2 monthes ago   |   By Al Jazeera

Bertelsmann says Simon & Schuster will become a unit within its book publishing division Penguin Random House.
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Bertelsmann Behemoth: ViacomCBS To Sell Simon & Schuster To Penguin Random House For Nearly $2.2 Billion

2 monthes ago   |   By Forbes

Simon & Schuster will operate as an independent imprint.
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