Investments

NEW YORK, NY: GroupM, WPP’s media investment group, Wednesday announced its commitment to double media investment for annual women’s sports with the creation of a dedicated marketplace. 

GroupM will seek first look and first-to-market opportunities beginning with the 2024-2025 Upfront alongside advertisers including adidas, Ally, Coinbase, Discover, Google, Mars, Nationwide, Unilever, Universal Pictures, among others.  

Jan 24, 2024 18:01
Zee Entertainment Enterprises Ltd (ZEE) has moved the National Company Law Tribunal (NCLT) against Sony's decision to call off the merger of the two media majors, news agency PTI reported, citing an official filing.
Jan 24, 2024 17:01
NODWIN Gaming has acquired Comic Con India, a company famous for hosting multiple pop cultural festivals targeting youth in India.  This acquisition not only diversifies NODWIN Gaming's youth portfolio but also marks a strategic expansion in the global entertainment landscape, the company stated in a release.
Jan 23, 2024 18:01
Shares of Zee Entertainment Enterprises Ltd. were locked in a revised lower circuit of 30%, falling to their lowest in over three years, on Tuesday as brokerages downgraded the stock after Sony Group Corp.'s Indian unit terminated the merger agreement. Shares of ZEE nosedived 30.50 percent on January, breaking a series of extended lower circuits through the day and hitting its 52-week low of Rs 152.50.
Jan 19, 2024 19:01
Sony Group Corp has reportedly convened a board meeting scheduled for Friday to make a crucial decision regarding its STILL flailing in the waters plan for a $10-billion merger with Zee Entertainment Enterprises in India. 
Jan 18, 2024 18:01
Gaming and sports media platform Nazara Technologies on Wednesday announced its board has approved a preferential share issue worth Rs 250 crore, while also picking up minority interest in social media influencer platform Kofluence Tech through a share swap deal that values the transaction at Rs 32.41 crore.
Jan 15, 2024 20:01
MUMBAI: Legendary cricketer Sachin Tendulkar has made a strategic investment in the Indian Street Premier League, India’s pioneering tennis ball T10 cricket tournament to be played inside a stadium.  The Master Blaster will play a pivotal role in advising and shaping the format of the T10 cricket league as a core committee member.
Jan 12, 2024 18:01
World of Krida Private Limited, a multi-sport franchise owning company, Friday announced their fourth 3X3 Basketball team, Toronto Patriots for the FIBA 3x3 backed 3x3.EXE Super Premier Basketball League in Japan.  The 3x3.EXE Super Premier basketball league’s inaugural edition will tip-off at the Xebio Arena Sendai, Japan.
Jan 11, 2024 12:01
The GMR Group, co-owners of Indian Premier League franchise Delhi Capitals is reportedly in "advanced talks" to buy a controlling stake in British county side Hampshire. A report in the UK's 'Daily Telegraph' said former Hampshire chairman Rod Bransgrove, who still holds a majority stake in the club, is close to agreeing a deal to sell the county side to the GMR Group.
Jan 10, 2024 19:01
Sony Group on Wednesday stated that talks between its Indian media and entertainment unit with Zee Entertainment Enterprises Ltd (ZEE) with regards to the proposed $10 billion merger are ongoing and that they will continue till January 20, according to Nikkei.
Jan 10, 2024 18:01
The Gujarat government has formed a separate company and earmarked Rs 6,000 crore to build six sports complexes to host the 2036 Summer Olympic Games in case India wins the bid for the quadrennial multi-discipline sporting extravaganza, an official said on Tuesday.