Nov 17 2020
News Corp. (which owns HarperCollins) and Penguin Random House are the leading bidders for Simon & Schuster, according to the New York Times, which cited "three people familiar with the process." S&S was put up for sale in March by ViacomCBS, which characterized the publisher as "not a core asset."
At least one bid is for more than $1.7 billion--above ViacomCBS's minimum, which in March was estimated to be $1.2 billion. The Times wrote that "several financial firms" have dropped out of the bidding, and that final bids are due before Thanksgiving. A sale could be announced soon thereafter or "a deal may not materialize."
The Funeral Cryer by Wenyan Lu
Debut novelist Wenyan Lu brings us this witty yet profound story about one woman's midlife reawakening in contemporary rural China.
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