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Broadcasting & Cable
Broadcasting & Cable
Business
Jon Lafayette

Paramount Makes $1.62 Billion Deal To Sell Simon & Schuster to KKR

Simon & Schuster

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.

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