Hello friends we all are aware about the merger between the Disney and Fox studio in which Disney buys Fox studio but very few people are aware about Penguin Random House acquiring Simon & Schuster. To know more about the merger read the whole article.
As I have mentioned above Penguin Random House is purchasing Simon & Schuster. On 25 November 2020, Penguin Random House agreed to purchase American Publisher Simon & Schuster from ViacomCBS for $2,175 billion. This merger is an advantage for both the publishing house as founder of Simon & Schuster got a huge amount and Penguin Random House got rights of books published by Simon & Schuster. But this merger is disadvantage for those publishing houses which are recently opened because they might struggle to get authors who wants to publish their book when there is a merger of two major publication houses.