KKR is in advanced talks to buy US book publisher Simon & Schuster from Paramount for more than $1.6bn, said people familiar with the matter, which would settle the fate of the storied company after years of uncertainty.
US regulators last year blocked a proposed merger of Penguin Random House and Simon & Schuster that would have created a mega-publisher in the books industry.
Paramount, which owns assets including the eponymous movie studio and television channels in addition to Simon & Schuster, has been shopping the publisher again as it looks to focus on the streaming video business.
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