Bertelsmann snaps up Simon & Schuster

Updated November 26 2020 - 6:44am, first published 6:39am
Bertelsmann has announced it is buying US publisher Simon & Schuster.
Bertelsmann has announced it is buying US publisher Simon & Schuster.

German media giant Bertelsmann says it is buying US publisher Simon & Schuster from ViacomCBS for $US2.17 billion ($A2.95 billion) in cash.

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