beSpacific · @bespacific
1060 followers · 1995 posts · Server newsie.social#Paramount Agrees to Sell #Simon&Schuster to EKKR, a #PrivateEquityFirm. The deal, for $1.62 billion, will put control of a cultural touchstone in the hands of a financial buyer. #publishing https://www.nytimes.com/2023/08/07/books/booksupdate/paramount-simon-and-schuster-kkr-sale.html #consolidation #bookbusiness #books #libraries #economy #audiobooks
#paramount #simon #privateequityfirm #publishing #consolidation #bookbusiness #books #libraries #economy #audiobooks