• by Ray Schultz , October 30, 2023

Investment firm KKR has completed its $1.62.billion acquisition of publisher Simon & Schuster from Paramount Global.

“This is an exciting moment for us — both a return to our roots as a standalone company and an opportunity for all of us to forge a new path together,” said Jonathan Karp, president and CEO of Simon & Schuster. 

Karp adds, “With KKR’s resources and support, we intend to become an even stronger company and a more dynamic force in our industry.”

KKR is supporting Simon & Schuster’s employee ownership program. KKR has awarded billions of dollars of total equity value to over 60,000 non-senior management employees since 2011.