ViacomCBS Inc. is close to a deal to sell book publisher Simon & Schuster to German media giant Bertelsmann SE for more than $2 billion, people familiar with the matter said, in a deal that would create a publishing behemoth accounting for about a third or all books sold in the U.S.

The transaction would put the publishers of some of the world’s bestselling authors including Stephen King, Bob Woodward, Dan Brown and John Grisham under the same corporate umbrella. Bertelsmann SE’s Penguin Random House already is the U.S.’s…

This post first appeared on wsj.com

You May Also Like

FDA Set to Get More Power to Pull Fast-Track Drugs That Don’t Work

A federal program that has sped hundreds of new drugs to cancer…

China reopens borders in final farewell to zero-Covid policy

Travellers began streaming into mainland China by air, land and sea on…

How High Interest Rates Sting Bakers, Farmers and Consumers

Home buyers, entrepreneurs and public officials are confronting a new reality: If…

Episode of ‘Sesame Street’ allegedly removed for being too frightening posted to social media

An episode of “Sesame Street,” allegedly removed from syndication for being too…