Having added Overdrive (creator of the Libby app) to their portfolio in 2020, KKR a personal fairness group finest recognized for its position within the buyout and subsequent collapse of Toys R Us (the final shops closed in 2021) has signed a take care of Paramount to accumulate 99 yr previous writer Simon & Schuster for $1.62 billion.
Discover out extra about this deal right here:
It’s Official: Paramount International Sells Simon & Schuster To KKR For $1.62 Billion In Money
Be taught extra about KKR’s buy of Overdrive right here
Till July of this yr, KKR additionally owned audiobook publishing firm RBMedia however bought it to a different non-public fairness agency H.I.G.
