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Penguin Random House to Buy Simon & Schuster – The New York Times

ViacomCBS agreed to sell the 96-year-old company in a deal that potentially creates a megapublisher.

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ViacomCBS received more than half a dozen inquiries from interested buyers, including financial firms and the French media giant Vivendi, which holds a minority stake in Hachette through the publisher Lagardère. The top three contenders were Bertelsmann, Rupert Murdochs News Corp, which owns HarperCollins, and Vivendi. News that Bertelsmann was close to a deal was reported earlier by The Financial Times.
The merger will be reviewed by President-elect Bidens team, according to Erik Gordon, professor…

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