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Top related persons:
Simon - 1 Schuster - 1 Bob Bakish - 1 ” Bakish - 1 Jonathan Karp - 1 Dennis Eulau - 1 Biden - 1 Florence Pan - 1
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KKR - 2 New - 1 New York CNN - 1 Paramount - 1 Paramount Global - 1 Random - 1 Justice - 1 Elliott Management - 1

Search resuls for: "RBMedia"


3 mentions found


☆ Paramount to sell Simon & Schuster to KKR for $1.6 billion in cash
  + stars: | 2023-08-07 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
New York CNN —Paramount has agreed to sell Simon & Schuster to private equity firm KKR for $1.6 billion in cash, after more than three years of trying to offload the book publishing powerhouse. Paramount posted Simon & Schuster for sale in 2020. In November 2022, Paramount ended its agreement to sell Simon & Schuster to Penguin Random House in what would have been a $2.2 billion deal. In October 2022, US District Court Judge Florence Pan ruled the combination of the book publishing giants would illegally reduce competition. The private equity firm also sold audiobook publisher RBMedia to H.I.G Capital this year after acquiring it in 2018.
Persons: Simon, Schuster, Bob Bakish, ” Bakish, Jonathan Karp, Dennis Eulau, Biden, Florence Pan, Penguin, RBMedia Organizations: New, New York CNN, Paramount, KKR, Paramount Global, Random, Justice, Elliott Management, Barnes & Nobles, Amazon, H.I.G, & $, & $ Locations: New York, Barnes
☆ Private equity giant KKR's antidote to worker discontent — employee stock ownership programs
  + stars: | 2023-07-27 | by ( Leslie Picker | ) www.cnbc.com   time to read: +3 min
The job market may be strong, but the invisible strings that connect workers to their jobs are increasingly weaker. As the co-head of global private equity at KKR , he's been a key champion of instilling employee stock ownership programs in all the companies the firm buys for its $19 billion Americas Fund. "It's better for investors, it's better for the company, it's better for employees, and in the end, it's better for the communities that they live in." Over 60,000 non-management employees have been awarded billions of dollars in total equity value through these ownership programs since 2011, the firm said. Through the non-profit, other private-equity firms like Apollo and TPG also committed to advancing shared ownership within their own portfolios.
Persons: Pete Stavros, he's, it's, Stavros Organizations: Alpha, UPS, KKR, Employees, Apollo, TPG Locations: Capital
☆ KKR to Sell Audiobook Publisher RBmedia
  + stars: | 2023-07-25 | by ( Jeffrey A. Trachtenberg | Laura Cooper | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/kkr-to-sell-audiobook-publisher-rbmedia-62dc3914
Persons: Dow Jones Organizations: kkr
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