KKR Wins S&S for $1.62 Billion - Publishers Weekly

Today, Panzer was shaken from his noon nap in his kitty bed by the sound of clapping coming from the Catosphere. Hopping in the Panzermobile, he followed all the noise to the Publishers Weekly site. There he discovered Simon and Schuster has finally been sold. Panzer told you last year and this year about the on-going court lawsuit to stop the sale of Simon and Schuster to Penguin Random House.That ended earlier this year in a no sale court decision.

 

Now back to important stuff.

According to the post by Publishers Weekly's Jim Milliot and Andrew Albanese, Simon and Schuster has been bought by KKR. KKR is not a publisher, but instead a private investment firm. The firm does say Simon and Schuster will continue as a publisher. The post includes information about plans for the publisher's and employees' futures.

Panzer says, "Finally, it's over."

Note: This is a long post. Bring a glass of iced tea to drink while you read today's selection.

To read the post tootle over to Simon and Schuster