A year after the US Department of Justice blocked the merger of two of the world’s biggest publishers, a New York-based private equity investment firm, Kohlberg Kravis Roberts & Co., has agreed to buy Simon & Schuster.
Even though the US$1.62 billion (AU$2.47 billion) purchase price is lower than the previous US$2.2 billion Penguin Random House was prepared to pay a year ago, the deal is likely to go ahead.
