(Reuters) – German media group Bertelsmann made the highest bid in an auction for Simon & Schuster, the publishing unit of ViacomCBS Inc, Financial Times reported on Tuesday, citing people familiar with the matter.
Two people familiar with the process said Bertelsmann offered more than $2 billion, the report said. (on.ft.com/3fse6Xo)
ViacomCBS did not immediately respond to a Reuters request for comment.
Reporting by Ayanti Bera in Bengaluru; Editing by Devika Syamnath