The US government has sued to block the sale of ViacomCBS-owned publisher Simon & Schuster to Penguin Random House. Announced in late 2020, the media giant announced a deal to sell the publisher for US$2.175 billion in cash following a review of non-core assets. The company said that it would reinvest the money in its […]
ViacomCBS has confirmed the sale of book publisher Simon & Schuster to Penguin Random House-owner Bertelsmann. The media giant confirmed that it will sell the publisher for US$2.175 billion in cash following a strategic review of non-core assets that it undertook in early 2020. ViacomCBS said that the deal is expected to close in 2021, […]
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