Paramount, formerly known as ViacomCBS, is again looking to sell Simon & Schuster, and is working with a financial advisor that could value the book publisher at $2B-$2.5B, Reuters’ Amy-Jo Crowley and Anirban Sen report. According to people familiar with the matter, Paramount will consider private equity firms as potential buyers of Simon & Schuster because they do not compete with it and would not raise competition concerns with U.S. regulators that led to the demise of the deal with Penguin Random House last year. Reference Link
Published first on TheFly
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