Bertelsmann to acquire S&S

Thursday, 26 November 2020 Books+Publishing

Bertelsmann, the parent company of Penguin Random House (PRH), has announced it will acquire Simon & Schuster (S&S) from media company ViacomCBS for US$2.175 billion (A$2.95b). In a statement, Bertelsmann said the transaction, which is subject to regulatory approvals, is expected to close in 2021. In March, Bertelsmann reported PRH’s...