Jay Penske’s deal to acquire the Hollywood Reporter’s parent company is getting federal scrutiny. The Department of Justice is looking into whether an arrangement that would have Penske’s holding company controlling three major Hollywood trade publications is a breach of antitrust (Penske Media Corp already owns Variety and Deadline). In the realm of antitrust concerns within media...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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