Moody's says ViacomCBS' agreement to sell Simon & Schuster for $2.175 billion is credit positive
Announcement: Moody's says ViacomCBS' agreement to sell Simon& Schuster for $2.175 billion is credit positive. Global Credit Research- 25 Nov 2020. New York, November 25, 2020-- Moody's Investors Service said that ViacomCBS Inc.' s announcement that it is has reached an agreement with Penguin Random House LLC, a wholly owned subsidiary of Bertelsmann SE& Co. KGaA, to acquire ViacomCBS' book publishing business, Simon& Schuster, for $2.175 billion in cash is credit positive.
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