Simon & Schuster may be bought by Penguin Random House parent
November 24, 2020 at 22:08 PM EST
ViacomCBS Inc. is close to a deal to sell book publisher Simon & Schuster to German media giant Bertelsmann SE for more than $2 billion, people familiar with the matter said, in a deal that would create a publishing behemoth accounting for about a third or all books sold in the U.S.