HarperCollins to Buy Simon & Schuster?

News Corp, owner of HarperCollins Publishers, has expressed interest about buying the publishing company Simon & Schuster from its owner, CBS Corp, according to News Corp-owned The Wall Street Journal.

This comes following News Corp's unsuccessful, last-minute bid for Penguin, shortly before its announced merger with Random House. "The people described the talks as preliminary and cautioned that a deal isn't imminent," wrote the Wall Street Journal.

HarperCollins is currently part of the new publishing company being created by the division of News Corp into two entities.

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SOURCE: The Huffington Post
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