
Paramount Global said it agreed to sell publishing company Simon & Schuster to KKR for $1.62 billion.
Simon & Schuster was deemed to be a noncore asset for Paramount, which reported a second quarter loss and is looking to cut its debt.

Paramount Global said it agreed to sell publishing company Simon & Schuster to KKR for $1.62 billion.
Simon & Schuster was deemed to be a noncore asset for Paramount, which reported a second quarter loss and is looking to cut its debt.