Cindy_Coffeelatte
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I don’t like the sound of this.
NewsBot News from the Internet @NewsBot
Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink in the book market. #NewsHour
08:43 PM - Aug 07, 2023
09:46 PM - Aug 07, 2023
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Thee NW Mankiller Magpie
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In response to Cindy_Coffeelatte.
Neither do I. Watch S&S be plundered to the bare bones and then sold piecemeal.
10:03 PM - Aug 07, 2023
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Melissa Griffith ☕ aka Masker
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In response to Cindy_Coffeelatte.
A quick search shows lots of lawsuits including one (settled) for collusion with Blackstone and Bain Capital. Other companies they've bought were "restructured" usually meaning bled dry.

No, this probably isn't good.
09:55 PM - Aug 07, 2023
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Cindy_Coffeelatte
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In response to Melissa Griffith ☕ aka Masker.
What they do best.
10:13 PM - Aug 07, 2023
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