Bertelsmann to acquire Simon & Schuster for $2.2 billion

RTL SA

25/11/2020 14:00

BERLIN, Nov 25 (Reuters) - German media group Bertelsmann
 BTGGg.F  said on Wednesday it would acquire publisher Simon &
Schuster from ViacomCBS  VIACA.O  for $2.175 billion in cash,
strengthening its presence in the United States, its
second-largest market.
    Bertelsmann outbid Rupert Murdoch's News Corp  NWSA.O  in a
contest for the publisher of Dan Brown, Hillary Clinton and
Stephen King that Viacom put up for sale earlier this year to
refocus on its online and advertising operations.  urn:newsml:reuters.com:*:nL4N2IA3RR

 (Reporting by Douglas Busvine and Klaus Lauer; editing by
Thomas Seythal)
 ((douglas.busvine@tr.com; +49 30 220 133 562;))