'Simon & Schuster Draws Bid From Investor Backed By Abu Dhabi-Based Sovereign Fund' - WSJ
Portfolio Pulse from Happy Mohamed
Simon & Schuster has received a bid from an investor backed by Abu Dhabi-based sovereign fund Mubadala Investment Company. The investor is seeking to acquire the publishing company from ViacomCBS.
June 21, 2023 | 7:13 pm
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POSITIVE IMPACT
ViacomCBS may benefit from the sale of Simon & Schuster to an investor backed by Abu Dhabi-based Mubadala Investment Company.
The news of a bid from an investor backed by Mubadala Investment Company for Simon & Schuster could positively impact ViacomCBS's stock price in the short term. The potential sale would provide ViacomCBS with additional capital, allowing the company to focus on its core business and potentially invest in growth opportunities.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100