Bertelsmann

The rural-focused offline commerce startup Rozana has raised USD 22.5 million (about Rs 186 crore) from Bertelsmann India Investments, Fireside Ventures and existing investors. The funding round also saw participation from Vivek Gupta, the co-founder of Licious, a statement by Rozana said on Wednesday. Founded in 2021 by Ankur Dahiya, Adwait Vikram Singh, Mukesh Christopher and Prithvi Pal Singh, Rozana operates a commerce platform and logistics network focused exclusively on serving the needs of rural communities and…

Paramount Global has decided not to support an appeal of a recent ruling that blocked the planned $2.18 billion sale of its Simon & Schuster book-publishing unit to rival Penguin Random House, according to people familiar with the situation.Paramount is expected to announce a decision early this week, the people said. Penguin Random House had said it wanted to pursue an expedited appeal, but it needed the support of Paramount Global. Reuters earlier reported that Paramount was scrapping the deal.…

Book-publishing giant Penguin Random House wants to appeal a federal judge’s decision blocking its acquisition of Simon & Schuster, but the first step is to ensure its would-be deal partner stays in the legal fight. Penguin parent Bertelsmann SE has had talks with Simon & Schuster owner Paramount Global PARA -12.42% about offering inducements, including cash, that would lead Paramount to support an appeal and continue pursuing…

A federal judge on Monday blocked Penguin Random House from acquiring rival book publisher Simon & Schuster for about $2.18 billion, agreeing with the Justice Department that the planned merger would unlawfully lessen competition.U.S. District Judge Florence Pan accepted the Justice Department’s arguments that some writers would likely be harmed if Penguin Random House, the world’s largest consumer-book publisher, was allowed to acquire another of the five largest book publishers in the…

Image: Gizmodo/GettyGizmodo is 20 years old! To celebrate the anniversary, we’re looking back at some of the most significant ways our lives have been thrown for a loop by our digital tools.If you’ve ever tried to research how the Big Bad Tech Monopolies of our time got so big and bad, you’ll find that these stories are typically pretty straightforward. Google, for example, started as a search engine company in the mid-90's, and spent decades buying and bullying competitors until it swallowed just about all of the search…