Penguin Random House’s $2.175 Billion Acquisition of Simon & Schuster

Davis Polk advised Bertelsmann, and Arnold & Porter acted as regulatory counsel to Bertelsmann on the transaction. Shearman & Sterling advised ViacomCBS on the deal.

Penguin Random House executed its $2.175 billion acquisition of Simon & Schuster from ViacomCBS. The transaction is subject to regulatory approvals and is expected to close during 2021.

Bertelsmann is a media, services and education company that operates in about 50 countries around the world. Penguin Random House, the world’s largest trade book publisher, is dedicated to its mission of nourishing a universal passion for reading by connecting authors and their writing with readers everywhere.

Simon & Schuster, a ViacomCBS Company, is a global leader in general interest publishing, dedicated to providing the best in fiction and nonfiction for readers of all ages, and in all printed, digital and audio formats.

The Davis Polk corporate team advising Bertelsmann included partner Michael Davis (Picture) and associates Shanu Bajaj and Cameron Adamson. Partner Kyoko Takahashi Lin and associate Charlotte R. Fabiani provided executive compensation advice. Partner Michael Mollerus and counsel Ethan R. Goldman provided tax advice. Partner Frank J. Azzopardi and counsel Daniel F. Forester and Bonnie Chen provided intellectual property advice.

The Arnold & Porter team included Debbie Feinstein, Axel Gutermuth, Saul Morgenstern, John Schmidt, Ludovica Pizzetti, and Lori Taubman.

Shearman & Sterling advised ViacomCBS with a team included Creighton Condon, Daniel Litowitz, Grace Jamgochian, Vita Zhu, Brian Lee, Seungmoon Lee, Tianshu (Susan) Lu, Jessica K. Delbaum, James Webber, Nathan Tasso, Jordan Altman, John J. Cannon, Lona Nallengara, Nick Withers, Roger Morscheiser, Jason Pratt, Sam Whitaker, Gabriella Griggs, Sujin Chan-Allen, Jonathan Mincer, Drew Elphick, Adam Sternberg, JB Betker, Sophie Zander, Matthew Behrens, Y. Jingjing Liang, Frances Burchall, and Joon Lee.

Involved fees earner: Debbie Feinstein – Arnold & Porter Kaye Scholer LLP; Axel Gutermuth – Arnold & Porter Kaye Scholer LLP; Saul Morgenstern – Arnold & Porter Kaye Scholer LLP; Lori Parcel Taubman – Arnold & Porter Kaye Scholer LLP; Ludovica Pizzetti – Arnold & Porter Kaye Scholer LLP; John Schmidt – Arnold & Porter Kaye Scholer LLP; Cameron Adamson – Davis Polk & Wardwell; Frank Azzopardi – Davis Polk & Wardwell; Shanu Bajaj – Davis Polk & Wardwell; Bonnie Chen – Davis Polk & Wardwell; Michael Davis – Davis Polk & Wardwell; Charlotte Fabiani – Davis Polk & Wardwell; Daniel Forester – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Michael Mollerus – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell; Jordan Altman – Shearman & Sterling; Matthew Behrens – Shearman & Sterling; JB Betker – Shearman & Sterling; Frances Burchall – Shearman & Sterling; John Cannon III – Shearman & Sterling; Sujin Chan-Allen – Shearman & Sterling; Creighton Condon – Shearman & Sterling; Jessica Delbaum – Shearman & Sterling; Drew Elphick – Shearman & Sterling; Gabriella Griggs – Shearman & Sterling; Grace Jamgochian – Shearman & Sterling; SeungMoon Lee – Shearman & Sterling; Brian Lee – Shearman & Sterling; Jingjing Liang – Shearman & Sterling; Daniel Litowitz – Shearman & Sterling; Susan Luo – Shearman & Sterling; Roger Morscheiser – Shearman & Sterling; Lona Nallengara – Shearman & Sterling; Jason Pratt – Shearman & Sterling; Adam Sternberg – Shearman & Sterling; Nathan Tasso – Shearman & Sterling; James Webber – Shearman & Sterling; Sam Whitaker – Shearman & Sterling; Nick Withers – Shearman & Sterling; Sophie Zander – Shearman & Sterling; Vita Zhu – Shearman & Sterling; Jonathan Mincer – Simpson Thacher & Bartlett;

Law Firms: Arnold & Porter Kaye Scholer LLP; Davis Polk & Wardwell; Shearman & Sterling; Simpson Thacher & Bartlett;

Clients: Bertelsmann; ViacomCBS ;

Author: Ambrogio Visconti