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News > Deals
Three bids for Viacom unit
May 14, 1998: 1:40 p.m. ET

Decision on Simon & Schuster sale could come as early as Monday
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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. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.