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Paramount Global has sold the publisher after a federal judge blocked rival Penguin Random House from buying it
Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink in the book market.
The private equity giant will buy Simon & Schuster for $1.62bn in cash, said Paramount Global, the parent company of the storied book publisher.
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