KKR to buy Simon & Schuster for $1.62 billion from Paramount Global

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the NYSE in New York

(Reuters) – Paramount Global said on Monday it was selling Simon & Schuster to KKR & Co for $1.62 billion in an all-cash deal, marking the end of a years-long attempt to sell the book publisher.

(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shilpi Majumdar)

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