KKR Acquires Simon & Schuster from Paramount Global

October 30, 2023

KKR has completed its previously announced $1.62 billion all-cash acquisition of Simon & Schuster from Paramount Global. Simon & Schuster becomes a standalone private company led by CEO Jonathan Karp, with KKR supporting employee ownership and plans to invest in the publisher's future growth and capabilities.

Buyers
KKR
Targets
Simon & Schuster
Sellers
Paramount Global
Location
New York, United States
Transaction Type
Buyout

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