KKR officially announced after the close of the stock market on Monday that they will acquire Simon & Schuster from Paramount, for $1.62 billion, in an all-cash transaction, pending regulatory approval. S&S will become a standalone private company with Jonathan Karp remaining as president and ceo and Dennis Eulau continuing as coo and cfo. “All of the executives at Simon & Schuster who met with KKR came away from those conversations impressed with the depth of KKR’s interest in our business and their commitment to helping us grow, thrive and become an even stronger company,” Karp said in a release. […]
