Simon & Schuster is Up for Sale Again

In November, Penguin Random House’s acquisition of Simon & Schuster was blocked by a national tribunal ruling. PRH decided not to entreaty the decision. Since then, the destiny of the steadfast has been up successful the air, particularly since Paramount Global, its genitor company, has stated it “does not acceptable strategically wrong Paramount’s broader portfolio” and that they are not funny successful keeping it.

Today, Paramount Global has announced that Simon & Schuster is up for merchantability erstwhile again. They are presently “explor[ing] a merchantability of Simon & Schuster that could worth it betwixt $2 cardinal and $2.5 billion,” according to a Reuters quality story, though the woody is inactive successful aboriginal talks. The archetypal PRH merchantability was for $2.2 billion.

Paramount volition beryllium seeking retired backstage equity firms, to debar moving into the aforesaid problems they faced with the Penguin Random House deal, though they’re not ruling retired the anticipation of different rival similar Hachette oregon HarperCollins taking the hazard and making an offer.

Read much astir this communicative astatine Reuters.

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