Investments

JD Sports steps up US push with $1.1bn Hibbett acquisition

SportzPower Team

Apr 24, 2024 20:04

Read more about JD Sports steps up US push with $1.1bn Hibbett acquisition
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British sportswear retailer JD Sports Fashion Plc has entered into a definitive agreement to wholly acquire “highly complementary” US sports apparel and equipment retailer Hibbett, Inc. to speed up its US expansion and enhance its presence in “the world’s biggest and most attractive sportswear market”.

Under the terms of the deal, Birmingham, Alabama-based Hibbett’s outstanding shares will be sold to JD Sports for $87.50 per share in cash for an aggregate enterprise value of approximately $1.1 billion.

Apr 07, 2022 11:04

Invesco to offload 7.8% of its 18.8% stake in Zee for Rs22bn

MUMBAI: Bitter boardroom battle resolved, Invesco, the single largest shareholder in Zee Entertainment Enterprises Ltd, declared Wednesday that it would divest up to 7.8% of its stake in Zee via a block deal on April 7.

Apr 06, 2022 17:04

Apple to pick up ITT for IPL media rights next week: Report

MUMBAI: Now here's a reported development that comes straight out of "left field" as it were. While the "expected suspects" have reportedly bought the Invitation-To-Tender (ITT) bid document for world cricket's biggest media rights property, recently released by the Board of Control for Cricket in India, there is a new name that has been added to the prospective list. And it is is as big as they come.

Apr 06, 2022 00:04

E-com gaming dominates advertising in 1st 5 games of IPL 15: TAM

MUMBAI: TAM Sports has released the TAM AdEx Sports - IPL 15 Advertising Report, which has analysed data from the first 5 games of this year's 15th edition of the Tata Indian Premier League, and for all the channels on which matches were telecast, and how it compares with IPL 14.

Apr 05, 2022 22:04

Nazara invests $2.5m in US-based game fund

MUMBAI: Nazara, a wholly-owned subsidiary of Nazara Technologies Limited, has announced a $2.5 million investment in US-based game fund BITKRAFT Ventures. Of the $2.5 million, $875,000 will be invested upfront, while the balance investment amount of $1.625 million will be deployed over a period of three years.

Apr 05, 2022 22:04

KL Rahul aboard innerwear brand XYXX as ambassador / investor

MUMBAI: Men's innerwear and lounge wear brand XYXX Tuesday announced cricketer KL Rahul as its brand ambassador. XYXX also announced that KL Rahul had invested an undisclosed amount in the company (translated, sweat equity?). For the record, in June 2021, XYXX had raised Rs 30 crore in Series-A funding from Sauce.vc, DSG Consumer Partners and Synergy Capital Partners.

Apr 04, 2022 14:04

At prices set by BCCI, IPL digital rights appear more a telco play

SO HERE GOES THE FIRST OF THE PROMISED SEPARATE EXAMINATI0NS of the Board of Control for Cricket in India's Invitation to Tender (ITT) for media rights to world cricket's most valuable property.

Apr 01, 2022 16:04

IMG completes acquisition of Mutua Madrid Open

LONDON: IMG, an Endeavor company and global leader in sports, events, media and fashion, Friday announced it has completed its purchase of the Mutua Madrid Open tennis tournament and the Acciona Open de España golf tournament from Super Slam Ltd and its affiliates.

Mar 31, 2022 10:03

TV ratings company Nielsen sold to PE consortium for $16bn

NEW YORK: Nielsen Holdings plc Tuesday announced that it has entered into a definitive agreement to be acquired by a private equity consortium led by Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., and Brookfield Business Partners L.P.

Mar 31, 2022 10:03

IPL media rights tender – how the contenders stack up

SO FINALLY, AFTER FIVE MONTHS OF DELAYS, the Board of Control for Cricket in India has released the Invitation to Tender (ITT) for the media rights to world cricket's most valuable property for its next five-year cycle – 2023-2027. For the record, the BCCI released the tender for the Indian Premier League media rights on Tuesday, March 29.

Mar 31, 2022 09:03

Games24x7 raises $75m at $2.5bn valuation

BENGALURU: Multi game platform Games24x7 has raised $75 million in a recent funding round, led by Malabar Investment, and has entered the unicorn club with a valuation of $2.5 billion. The funding round also included participation by existing investors Tiger Global and Raine Group. Tiger had earlier invested in the company in 2011 and 2012 and Raine did their first round of investment in 2019.

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