Investments

NCLT admits Viacom18-Disney Star merger scheme

SportzPower Team

May 17, 2024 11:05

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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.

Oct 08, 2021 12:10

Nazara Technologies raises Rs 3.15bn from 2 institutional investors

MUMBAI: Online gaming company Nazara Technologies has raised Rs 3.15 billion through a preferential allotment of equity shares to two institutional investors. The Rakesh Jhunjhunwala-backed gaming firm issued 1.42 million shares to Gamnat Pte and Plutus Wealth Management at Rs 2,206 per share, a discount of 16% to the company's price on Wednesday.

Oct 08, 2021 12:10

Newcastle richest EPL club after Saudi-backed buyout completed

LONDON: Newcastle United FC have been officially converted into the richest club in the world after the Saudi Public Investment Fund (PIF) ended British businessman Mike Ashley's 14-year ownership by purchasing the Premier League club.

Oct 04, 2021 12:10

Sachin named in Pandora expose; icon asserts deals legitimate

MUMBAI: Millions of leaked documents dubbed the Pandora Papers and a worldwide journalistic partnership on Sunday claims to have uncovered financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories, including India.

Oct 04, 2021 07:10

ZEEL moves court against EGM demand, terms it invalid, illegal

MUMBAI: A day after refusing to convene an extraordinary general meeting (EGM) as demanded by shareholder Invesco Developing Market Funds, Zee Entertainment Enterprises Ltd (ZEEL) on Saturday moved the Bombay High Court seeking the demand to be deemed as "illegal and invalid".

Sep 29, 2021 05:09

Endeavor to acquire OpenBet from Scientific Games for $1.2bn

BEVERLY HILLS, Calif.: Endeavor Group Holdings, Inc., a global sports and entertainment company, has entered into an agreement to acquire OpenBet, a leading content, platform and service provider to the sports betting industry, from Scientific Games Corporation for $1.2 billion paid through a combination of cash ($1 billion) and Endeavor’s Class A common stock ($200 million).

Sep 29, 2021 04:09

BCCI announces tender of IPL media rights for 2023-2027 cycle

MUMBAI: The Board of Control for Cricket in India has confirmed the timeline for the Indian Premier League media rights tender for the 2023-2027 cycle.

Sep 29, 2021 04:09

CAA acquires rival ICM Partners to form global agency powerhouse

LOS ANGELES: Leading entertainment and sports agency Creative Artists Agency (CAA) announced Monday the execution of a definitive agreement to acquire ICM Partners (ICM), one of the world’s premier entertainment and sports agencies, to drive broader and more inclusive representation as their clients, their work, and their brands shape culture.

Sep 24, 2021 10:09

ZEEL-Sony merger offers $2bn revenue opp: Punit Goenka

MUMBAI: The board of directors of ZEE Entertainment Enterprises Limited present and voting in its board meeting held on 21st September, unanimously provided in-principle approval for the merger between Sony Pictures Networks India and ZEEL.

Sep 23, 2021 14:09

SPNI-Zee merger deal: Advantage Sony on IPL rights bidding

32%! THAT IS HOW MUCH THE SHARES OF ZEE Entertainment Enterprises Ltd (ZEEL) zoomed Wednesday after the Indian media major announced a merger with Sony Pictures Networks India (SPNI). On the Bombay Stock Exchange (BSE), the ZEEL stock jumped to its 52-week high of Rs 337.10.

Sep 22, 2021 14:09

Zee oks in-principle merger with SPN; Sony to hold majority stake

MUMBAI: Sony Pictures Networks India (SPN) and Zee Entertainment Enterprises Ltd. (ZEEL) Wednesday announced that they have entered into an exclusive, non-binding Term Sheet to combine both companies’ linear networks, digital assets, production operations and program libraries.

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