Business

A New Chapter for Simon & Schuster: Acquisition by KKR

KKR's Billion-Dollar Acquisition of Simon & Schuster After Blocked Penguin Random House Bid.

Wilbur Greene
Aug 8, 2023
2 min read
News
Photo by Patrick Weissenberger 

In a pivotal turn of events for the publishing world, Simon & Schuster, one of the industry's 'Big Five', has been acquired by private equity firm KKR for a staggering $16.2 billion. This transaction follows a thwarted attempt by Penguin Random House to purchase the publisher, a deal that was blocked due to antitrust implications. KKR's acquisition of Simon & Schuster brings with it promises of maintaining editorial independence and a commitment to invest in the publisher's growth, with a spotlight on expanding international sales.

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