Investments

NCLT admits Viacom18-Disney Star merger scheme

SportzPower Team

May 17, 2024 11:05

Read more about NCLT admits Viacom18-Disney Star merger scheme
Log in to post comments

The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT). In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.

Sep 01, 2018 14:09

TSG ventures into basketball with new training school

MUMBAI: Two weeks after launching the TSG Football School, The Sports Gurukul on Friday officially announced the formation of the TSG Basketball School in association with Core Focus Training (CFT) from the USA.

Aug 31, 2018 13:08

Rs30m cash award aside, Odisha govt to fund Dutee’s training for Tokyo 2020

BHUBANESWAR: Odisha chief minister Naveen Patnaik announced on Thursday that his government will sponsor Asian Games 2018 Silver medallist Dutee Chand for her training keeping the Tokyo Olympics 2020 in mind, Press Trust of India reports.

Aug 30, 2018 14:08

PSA’s SQUASHTV to cover top junior events in 2019 and 2020

BIRMINGHAM: The broadcast arm of the Professional Squash Association (PSA), SQUASHTV will be producing live coverage of one of the most prestigious youth competitions in the sport, the Dunlop British Junior Open and the European Team Championships in 2019 and 2020 in association with England Squash.

Aug 27, 2018 17:08

Universal Music teams up with eSports major

COLOGNE: The Central European division of Universal Music Group (UMG) have announced a multi-year partnership with ESL Gaming, the world’s biggest eSports company that will be managed out of UMG’s Berlin headquarters.

Aug 27, 2018 17:08

Rooter clinches Rs45m investment from Venture Catalysts

MUMBAI: Rooter, the Indian live sports social engagement startup has secured a Rs45 million investment in its pre-Series A round of fund raising from a consortium of investors called Venture Catalysts which included the likes of Aviva Life Insurance’s chief customer marketing and digital officer, Anjali Malhotra, Economic Times reports.

Aug 22, 2018 16:08

Ronaldinho to invest $75m in US venture capital firm

SAO PAULO: Brazilian football legend Ronaldinho has come on board as an angel investor for US based venture capital firm 5xMais, It specializes in analysing the performance of start-up companies worldwide through artificial intelligence and works with athletes co-investing in them.

Aug 18, 2018 16:08

Smaaash looking to raise Rs2bn+ from US investors: Report

MUMBAI: Smaaash Entertainment Private Limited, the Indian virtual sports and entertainment firm controlled by serial entrepreneur Shripal Morakhia, is planning to raise anywhere between $25 million (Rs 1.75 billion) and $30 million (Rs. 2.1 billion approx) from investors in the USA, Economic Times reports.

Aug 17, 2018 17:08

Coca-Cola takes aim at Gatorade with BodyArmor investment

NEW YORK: Coca-Cola has acquired a minority ownership stake in red-hot American sports drink sports brand BodyArmor, the ultimate aim being to make a dent in the overwhelming dominance that rival PepsiCo's Gatorade has in the high value segment.

Aug 17, 2018 17:08

Rooter selected for 2018 leAD Sports Accelerator program

NEW DELHI: Indian live sports social engagement platform Rooter has been chosen amongst the finalists of the 2018 leAD Sports Accelerator Program. Under the program, leAD provides high-potential sports start-ups, from seed to fully-functioning profitable ventures, access to input sessions and opportunities for personal mentorship, strategic business networking, direct investment, and follow-up investment.

Aug 17, 2018 17:08

ITF AGM clears Davis Cup reforms with 2/3 majority

LONDON: National tennis federations have voted overwhelmingly in favour of "transformational" proposals to revamp the Davis Cup and turn it into a season-ending 18-team event. A two-thirds majority among the 140 nations was needed at the International Tennis Federation's (ITF) annual general meeting.

Subscribe to Investments