Pope Francis, in this uplifting book by Simon & Schuster, written in collaboration with his biographer, Austen Ivereigh, explains why we must—and how we can —make the world safer, fairer, and healthier for all. ViacomCBS announced Wednesday that it would sell publishing company Simon & Schuster to Penguin Random House in a deal worth US$2.175 billion, CNBC reports. The deal comes after ViacomCBS put the global publisher up for auction, a move it made to divest non-core assets from its company. Proceeds from the deal will be put toward ViacomCBS’s streaming business, fund its dividend and pay down debt. The company also recently sold CNET for US$500 million as part of this strategy.

Source: The Standard November 25, 2020 14:03 UTC