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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‘Winner-Take-Most’: Anthony Noto’s Ambitions for SoFi Take Shape
Anthony Noto has long had a knack for grabbing attention. When he was a top executive at Twitter, Noto struck a deal with the NFL to air Thursday night games, thrusting the social media service into the streaming market, to the surprise of even many Twitter employees, according to people who worked there at the time. More recently, SoFi Technologies, the financial services company Noto leads as...
China Will Ban Companies From Listing on Foreign Exchanges Using VIEs
SoftBank Invests $150 Million in South Korean Metaverse App
Allbirds’ Revenue Rose 33% in Q3
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