Media group Pearson has bought the US publishing group Simon & Schuster from Viacom for $4.6 billion (£2.8 billion).
Pearson will then sell the reference and business part of the publisher to Hicks, Muse, Tate & Furst Inc., a US investment group, for $1 billion. This will leave Pearson with the education divisions.
Pearson: 0171 411 2000
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