Investments

DALLAS, TX: Pickleball, billed as America’s fastest-growing sport, is going after a new frontier - India. The United Pickleball Association (UPA), which was created after a merger between Major League Pickleball and the Professional Pickleball Association in the US last February, and India-based Global Sports have inked a deal to bring the PPA Tour and Major League Pickleball to the country.

As a part of the partnership, the organizations will launch key initiatives to the country, promoting the rapidly-growing sport to a young market. 

Jul 27, 2020 16:07
MUMBAI: Online Ayurveda-tech wellness startup WE R Wellness launched its operations Monday.  The venture has been started by Ayurveda specialist Dr Onkar Rajiv Bilgi, business leader in the tech space Rajat Sharma and former South African cricketer Jonty Rhodes, who has been earmarked to play a vital role towards the launch of the brand’s unique Sports Ayurveda program. 
Jul 27, 2020 15:07
NEW YORK: Analytics major Nielsen Holdings plc, has sold its social media TV measurement and audience insights software provider Nielsen Social to Talkwalker, a global social listening and analytics company.  While financial terms were been disclosed, Talkwalker declared the "acquisition will build on its existing strength in serving global brands".
Jul 22, 2020 16:07
NEW YORK: The National Women’s Soccer League (NWSL) Tuesday announced that a majority woman-founded group led by Academy Award-winning actress and activist Natalie Portman, technology venture capitalist Kara Nortman, media and gaming entrepreneur Julie Uhrman, and tech entrepreneur and venture capitalist Alexis Ohanian who led the investment through his firm Initialized Capital, has secured the exclusive right to bring a pr
Jul 21, 2020 17:07
LAUSANNE: World Table Tennis (WTT), the new commercial arm of the International Table Tennis Federation, has announced four top-level professional partners, to "help elevate table tennis to the global sports elite". After the recent unveiling of WTT’s strategic partnership with IMG, WTT has entered into collaborations with the following partners:
Jul 20, 2020 19:07
BEIJING: Wanda Sports Group Company Limited Monday announced that the Company has completed the previously announced sale of The IRONMAN Group to Advance, a private, family-owned business that invests in a broad range of media and technology companies, reflecting an enterprise value of $730 million (before closing adjustments).   It also announced changes in its board of directors. 
Jul 20, 2020 17:07
MUMBAI: Fantasy sports platform Dream11, which had earlier this year been put on hold plans to raise $150-200 million in funding at a $2-2.2 billion valuation as a fallout of the COVID-19 pandemic and the resultant chaos around it, is back "at the table" as it were.  
Jul 16, 2020 17:07
LAUSANNE: The International Olympic Committee (IOC) has already supported the National Olympic Committees (NOCs) and International Federations (IFs) with around $100 million since the outbreak of the COVID-19 crisis. To date and as needed, $63 million have been allocated to IFs and $37 million to NOCs.
Jul 15, 2020 19:07
NEW DELHI: The AIFF's Club Licensing administration on Tuesday distributed the Club Licensing Application Pack (CLAP) to all the clubs that are eligible to undergo the Indian Club Licensing process for the 2020-21 season.
Jul 15, 2020 16:07
MUMBAI: Google will invest Rs 33,737 crore (Rs 337.37 billion, $4.5 billion) in Jio Platforms, Reliance Industries chair and managing director Mukesh Ambani announced on Wednesday during the company’s online Annual General Meeting. 
Jul 14, 2020 20:07
MUMBAI: After months of making one far-fetched claim after another, the time of reckoning is at hand for the men who matter at East Bengal FC. The Red & Gold Brigade will have to officially declare their change of ownership as the All India Football Federation (AIFF) on Tuesday sent out the club licensing agreements to all Indian Super League (ISL) and I-League clubs as part of the AFC protocols.