Publishing giant Simon & Schuster has been sold to investment firm KKR

Publishing giant Simon & Schuster has been sold to investment firm KKR

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Simon & Schuster has been acquired by private investment firm KKR for $1.62 billion, according to a joint statement between the firm and the publishing giant's parent company, Paramount Global. The deal will turn Simon & Schuster into a "standalone private company and will continue to be led by…

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