ViacomCBS announced Wednesday it will sell the storied Simon & Schuster publisher to Random House for $2.175 billion in cash, a major infusion of funds as the Bob-Bakish run media company makes good on its promise to unload non-core assets.ViacomCBS in a statement called the transaction “the outcome of a highly competitive auction that attracted interest from buyers around the world, reflecting Simon & Schuster’s position as a global publisher with some of the world’s best known books.”The deal is expected to close in 2021.MORELaunch dates for broadcast, cable and streaming programsUp-to-date lists for broadcast, cable and streaming seriesPandemic-proof vs.
Read more on deadline.com