Simon & Schuster


US sues to block US$2.2 billion ViacomCBS sale of Simon & Schuster

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 generates funds for streaming growth with US$2.2 billion Simon & Schuster sale

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, […]