The media company has been trying to offload the publisher after a federal judge blocked its US$2.2-billion deal to sell it to Penguin Random House last year
for US$1.62-billion in an all-cash deal, ending a years-long attempt to sell the marquee book publisher.
Paramount has been trying to offload the publisher after a federal judge blocked its $2.2 billion deal to sell it to Penguin Random House last year. Simon & Schuster publishes the works of writers, including Stephen King, Jennifer Weiner and former U.S. presidential candidate Hillary Clinton. Video-streaming services have been trying to strike a balance between profit growth and keeping their content mill running, as they come under investor scrutiny over their expensive efforts to attract subscribers.
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