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Paramount announces the sale of Simon

The Paramount Global group announced on Monday the signing of a "definitive agreement" under which the American investment company KKR will buy the publishing house Simon.

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Paramount announces the sale of Simon

The Paramount Global group announced on Monday the signing of a "definitive agreement" under which the American investment company KKR will buy the publishing house Simon

Paramount Global had concluded an agreement in November 2020 to sell Penguin Random House for 2.18 billion dollars, but had finally waived it two years later after the blocking of this union between publishing giants by American justice on behalf of competition laws. “We are delighted to have reached an agreement for a transaction that returns excellent value to Paramount shareholders while positioning Simon

The transaction will be paid entirely in cash, Paramount said, indicating that after closing - subject to regulatory approvals - "Simon

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