Private-equity firm KKR is in advanced talks to acquire Simon & Schuster for about $1.65 billion, according to people familiar with the situation, capping a years-long effort by Paramount Global to sell the publisher of such authors as Stephen King and Bob Woodward. Paramount put Simon & Schuster on the sales block for a second time earlier this year after an earlier sale to Penguin Random House was blocked by a federal judge last year.
Source: WSJ News Exclusive | KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion
