KKR Stock Recent News

Parrot Analytics PR & Communications Manager Wade Payson-Denney spoke with Yahoo Finance anchors Diane King Hall and Jared Blikre about Paramount stock up on Q2 earnings and KKR plans to buy Simon & Schuster.

Paramount Global has sold the publisher after a federal judge blocked rival Penguin Random House from buying it

Paramount Global has agreed to sell Simon & Schuster to private equity giant KKR for $1.62 billion, the company said as it reported quarterly earnings.

Paramount's previous $2.2 billion deal to sell Simon & Schuster was struck down in 2022 following a lawsuit by the Department of Justice.

Paramount Global is close to announcing a sale of its publisher Simon & Schuster to private investment giant KKR, according to a person familiar with the situation. Timing is always fluid but a deal could be announced as early as today. Paramount will report second-quarter earnings this afternoon.

Although the revenue and EPS for KKR & Co. Inc. (KKR) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

KKR & Co Inc is in advanced talks to acquire book publisher Simon & Schuster from Paramount Global for $1.65 billion, according to the Wall Street Journal.

KKR & Co Inc is in advanced talks to acquire book publisher Simon & Schuster from Paramount Global for $1.65 billion, according to a person familiar with the matter.

"This is a great time to do deals," said KKR's Global Co-Head of Private Equity Pete Stavros. "When you want to be more cautious is when capital is everywhere.

Private equity firm KKR agreed to buy Chase Corp for $1.3 billion in a move that expands its holdings in the specialty chemicals space.