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...Bertelsmann was dealt a further blow in the US last year when a New York judge blocked Penguin Random House from proceeding with a proposed $2.2bn acquisition of Simon & Schuster after the US justice department...
...But the sale of Simon & Schuster has become a page turner....
...In 2022, the DoJ convinced a federal judge to block the $2.2bn merger between book publishers Penguin Random House and Simon & Schuster....
...The Wall Street Journal first reported that KKR was in advanced talks to buy Simon & Schuster. Paramount and KKR declined to comment....
...The co-founder of DeepMind offers his own thoughts about how societies can better prepare for the great transformation....
...Burn Book: A Tech Love Story by Kara Swisher Little, Brown £25/Simon & Schuster $30, 320 pages Richard Waters is the FT’s tech writer at large Join our online book group on Facebook at FT Books Café and...
...“In the past we had more silent resistance and now it seems more conscious and more focused and more co-ordinated.”...
...Paramount, which is controlled by Shari Redstone, this year agreed to sell the Simon & Schuster book publisher to KKR....
...Permacrisis: A Plan to Fix a Fractured World by Gordon Brown, Mohamed El-Erian and Michael Spence, Simon & Schuster £25, 336 pages Diane Coyle is Professor of Public Policy at the University of Cambridge...
...Paramount said Simon & Schuster remained a “non-core asset” for the group: “Simon & Schuster is a highly valuable business with a recent record of strong performance, however, it is not video-based and therefore...
...Goldman Sachs’ technology investment banking co-head Tammy Kiely is leaving the bank for boutique Evercore Partners, according to Bloomberg....
...Morgan Stanley has hired senior JPMorgan dealmaker Thomas Christl to co-head its consumer and retail coverage in Europe, per Financial News....
...Smart reads Book buyout KKR, the buyout firm immortalised in the book Barbarians at the Gate, recently agreed to buy US publisher Simon & Schuster for $1.6bn....
...Then Bertelsmann-owned Penguin Random House (PRH) was forced to abandon its proposed $2.2bn acquisition of Simon & Schuster following antitrust concerns by US regulators, prompting the departure of two top...
...Moelis & Co has hired Edouard Debost as a managing director based in Paris. He previously held senior roles at JPMorgan Chase....
...courthouse in Washington is a highly anticipated trial in which the US Department of Justice is seeking to block the tie-up of two prestigious book publishers, Bertelsmann’s Penguin Random House and Simon & Schuster...
...Bertelsmann is also challenging the US Department of Justice’s market definition in its court battle to save its proposed acquisition of the publisher Simon & Schuster....
...Last month, Penguin Random House, the world’s largest book publisher, and smaller rival Simon & Schuster scrapped plans to merge....
...Consumerism, corporate conglomerates and globalisation all wither while “eco-stewardship”, high-tech co-operatives and “glocalisation” flourish....
...News round-up Sinopec secures one of biggest-ever LNG deals with Qatar (FT) FTX businesses owe more than $3bn to largest creditors (FT) Penguin Random House’s $2.2bn deal for Simon & Schuster collapses...
...A US judge will also soon rule on Penguin Random House’s planned $2.2bn acquisition of Simon & Schuster, the world’s fourth biggest book publisher....
...These include Robert Noyce who co-founded Intel in 1968 along with Gordon Moore, an engineer whose name became forever linked with chips when he predicted that their power would double every two years, a...
...Orlando Bravo, the firm’s billionaire co-founder, corralled a group of 19 private lenders to raise $2.6bn in debt financing....
...All have spent over a decade inside the Toronto-based firm taking increasingly prominent positions under the eye of Flatt & Co. without building a big public presence....
...Bremmer concludes optimistically that international crises can also create new impetus and opportunities for international co-operation. Join our online book group on Facebook at FT Books Café...
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