Simon & Schuster Bids Due By Thanksgiving; HarperCollins, Bertelsmann, Vivendi Contenders For ViacomCBS Publisher
Reading now: 272
deadline.comJill Goldsmith Co-Business EditorRupert Murdoch’s News Corp., Bertelsmann’s Penguin Random House and French conglom Vivendi have emerged as top contenders for Simon & Schuster with bids for the storied ViacomCBS publisher due in before Thanksgiving, according to a person familiar with the situation.ViacomCBS put the company on the block in early March before the pandemic hit along with several other assets it considers non-core as looks to build up cash to invest in content and streaming.
In late March, it said it had received several dozen inquiries. Those have now been narrowed down with three of the sector’s biggest strategic buyers in pole position.
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
