Having added Overdrive (creator of the Libby app) to their portfolio in 2020, KKR a private equity group best known for its role in the buyout and subsequent collapse of Toys R Us (the last stores closed in 2021) has signed a deal with Paramount to acquire 99 year old publisher Simon & Schuster for $1.62 billion.
Find out more about this deal here:
It’s Official: Paramount Global Sells Simon & Schuster To KKR For $1.62 Billion In Cash
After Blocked Deal, Paramount Sells Simon & Schuster to Private Equity Firm KKR for $1.62B
Paramount’s sale of S&S to private equity company KKR confirmed
Learn more about KKR’s purchase of Overdrive here
Until July of this year, KKR also owned audiobook publishing company RBMedia but sold it to another private equity firm H.I.G.
