The Justice Department sued to block Bertelsmann’s Penguin Random House’s proposed $2.175 billion purchase of Simon & Schuster from ViacomCBS, delaying one of the entertainment company’s moves to reduce its debt. The DOJ noted that Penguin Random House is the biggest book publisher, while Simon & Schuster is the fourth biggest in the U.S. their combined revenues would be “twice that of...
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The Weekend Media/Telecom Startups
How Taylor Lorenz Became America's Most Polarizing Tech Reporter
Hi, welcome to your Weekend! I wish I was writing you in happier circumstances, and could simply talk up Annie's riveting profile of Taylor Lorenz, below. But this has been a tragic week. The mass murder of 19 kids and their two teachers in Uvalde, Texas, has been on all of our minds. Unfortunately, the hopelessness you're probably feeling is justified. Recent history gives us little...
SEC Confirms Scruitiny Elon Musk’s Initial Disclosure of Twitter Stake
Twitter Board Rejects Shareholder Vote to Oust Silver Lake’s Durban
Chinese E-commerce App Pinduoduo Reports Better-Than-Expected Results
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