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.  

Jul 31, 2020 20:07
LONDON: Real Madrid remain the most valuable football club brand in the world for 2020, according to the latest edition of the Brand Finance Football Annual. 
Jul 30, 2020 20:07
MUMBAI:Default on franchise fees from one of the six team owners in the inaugural edition of the X1 Racing League is the reason for the delay in payment of fees to senior professionals and the production company who worked on the event in end-2019, organisers of the league said Thursday.
Jul 28, 2020 19:07
PARIS: After the UAE and Qatar, it is the turn of Bahrain to invest in European football. Paris FC on Monday announced that the Gulf kingdom's sovereign wealth fund has acquired a 20% minority stake in the Ligue 2 club. With this injection of capital, PFC intend to achieve promotion to Ligue 1 in the next three years.
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.