Wednesday 25 November 2020

Bertelsmann's Penguin division snaps up Simon & Schuster

BERLIN (AP) - German media giant Bertelsmann said Wednesday that it is buying publisher Simon & Schuster from ViacomCBS for $2.17 billion in cash.

Bertelsmann says the New York-based firm, whose authors include Stephen King, Hillary Clinton and John Irving, will become a unit within its book publishing division Penguin ...
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