Bertelsmann to acquire Simon & Schuster for more than $2 billion - source

RTL SA

25/11/2020 10:53

BERLIN, Nov 25 (Reuters) - German media group Bertelsmann
 BTGGg.F  will acquire U.S. publisher Simon & Schuster from
ViacomCBS  VIACA.O  for more than $2 billion, a source with
direct knowledge of the matter told Reuters on Thursday.
    Bertelsmann, owner of Penguin Random House, outbid Rupert
Murdoch's News Corp  NWSA.O  for the publisher of authors Dan
Brown, Hillary Clinton and Stephen King that Viacom put up for
sale earlier this year.  urn:newsml:reuters.com:*:nL4N2IA3RR
    Bertelsmann, founded in 1835 as a publisher of theological
texts, is today a private media conglomerate that spans
magazine, educational and music publishing and controls European
TV group RTL  RRTL.DE .
    A Bertelsmann spokesman declined to comment.

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