'KKR In Advanced Talks To Buy Simon & Schuster For Roughly $1.65B; Simon & Schuster Was Put Up For Sale After Earlier Deal With Penguin Random House Was Blocked By Federal Judge' - WSJ
Portfolio Pulse from Happy Mohamed
Private equity firm KKR is reportedly in advanced talks to acquire Simon & Schuster for approximately $1.65 billion. The deal comes after a previous agreement with Penguin Random House was blocked by a federal judge.
August 04, 2023 | 2:34 pm
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POSITIVE IMPACT
KKR is in advanced talks to acquire Simon & Schuster. If successful, this acquisition could potentially expand KKR's portfolio in the publishing industry.
The acquisition of Simon & Schuster by KKR could potentially expand the firm's portfolio in the publishing industry. This could lead to increased revenues and profitability for KKR in the long run, which could positively impact the firm's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100