NEW YORK (CNNfn) - Viacom Inc. reportedly received three bids by the Wednesday deadline it set in the auction of its Simon & Schuster publishing business.
Pearson PLC of London has joined with Dallas-based buyout firm Hicks Muse Tate & Furst with a combined offer valued at more than $4 billion, the Financial Times reported Thursday.
Kohlberg Kravis Roberts & Co., meanwhile, has joined with Primedia Inc. with another offer, the New York Times reported.
The third bid came from an investor group organized by former junk bond king Michael Milken that includes Oracle Corp. Chairman Lawrence Ellison and cable operator Tele-Communication Inc.
An agreement could come as early as Monday.
Viacom officials declined to comment further.