New Buyers Emerge for Book Publisher Simon & Schuster

From a Wall Street Journal story by Jessica Toonkel and Jeffrey A. Trachtenberg headlined “New Buyers Emerge for Simon & Schuster”

HarperCollins Publishers and KKR & Co. are among the bidders for Simon & Schuster, as the book publisher pursues a sale for the second time in less than three years, according to people familiar with the situation.

Penguin Random House, the world’s largest consumer book publisher, agreed to buy Simon & Schuster for about $2.18 billion in November 2020, only to have the Justice Department file a lawsuit in federal court in Washington, D.C., opposing the sale. A court sided with the government and blocked the deal last year.