The deal, brokered this past week with Simon & Schuster’s owner, Paramount, significantly expands private equity’s presence in the literary world. Over the years, financial firms have owned literary agencies, publishing houses and the retailer Barnes & Noble.
This latest deal puts KKR in control of a major cultural touchstone and a home to authors like Stephen King and Bob Woodward.
Michael M. Santiago/Getty Images
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- Source: https://www.nytimes.com/interactive/2023/08/11/business/books-paramount-simon-and-schuster-kkr-sale.html
