CEO of the Najafi Companies Jahm Najafi spoke briefly to the WSJ about his deal to purchase Direct Groug North America (DGNA) from Bertelsmann: “We’re very excited about this because we see great brands and excellent marketers. We have extensive experience in the online world and think we can change the nature of this business […]
M&A
A Buyer for Direct Group NA
The answer to the question “who would want to buy that?” Phoenix-based investment firm Najafi Companies has bought Bertelsmann’s North American Direct Group assets, which include their family of book clubs along with Columbia House. The sale is expected to close in the third quarter and financial terms were not disclosed. (It was subsequently revealed […]