Investments

Take-Two Interactive completes merger with Zynga

SportzPower Team

May 25, 2022 18:05

Read more about Take-Two Interactive completes merger with Zynga
Log in to post comments

MUMBAI: Take-Two Interactive Software, Inc. announced Wednesday the completion of its merger with Zynga Inc.

Under the terms of the merger agreement, Zynga stockholders received $3.50 in cash and 0.0406 shares of Take-Two common stock per share of Zynga common stock.

May 25, 2022 17:05

Spurs lead investor pumps in further £150m capital

LONDON: Tottenham Hotspur Limited Tuesday agreed a capital increase of up to £150m from majority shareholder, ENIC Sports Inc, via the issue of convertible A Shares and accompanying warrants. The equity injection provides the Premier League club with greater financial flexibility and the ability to further invest on and off the pitch.

May 20, 2022 18:05

IOC publishes 2021 annual report; revenues up at $7.6bn

LAUSANNE: The International Olympic Committee Friday published its 2021 Annual Report, following its approval by the IOC Members on the final day of the 139th IOC Session, held remotely from Olympic House here.

May 20, 2022 17:05

Major League Cricket scores $120m funding commitment

NEW YORK: Major League Cricket (MLC), promoted by Times Group-led American Cricket Enterprises (ACE), USA Cricket's commercial rights partner, has announced an initial close of a $44 million Series A and A1 fundraising round.

May 19, 2022 17:05

Marwadi University invests Rs8cr+ to build sporting ecosystem

RAJKOT: Marwadi University (MU), which has a declared commitment to nurturing future athletes across all sporting categories, asserts it has till date invested over Rs 8 cr (Rs 80 million) with a plan to build a strong sporting ecosystem to complement academics.

May 16, 2022 17:05

IMG ARENA makes strategic investment in computer vision specialist

LONDON: IMG ARENA, a leading sports data and technology business, announced Monday a strategic investment in Swedish computer vision specialist Signality. Providing IMG ARENA with a controlling interest, the investment will enhance IMG ARENA’s data collection capabilities with leading computer vision and camera technologies.

May 16, 2022 17:05

Intl tennis returns to Chennai with 2022 WTA 250 tourney

CHENNAI: India's erstwhile tennis capital Chennai will see the return of an international tournament for the first time since 2017 with a WTA 250 event to be held here from September 26 to October 2.

May 13, 2022 14:05

Knight Riders Group acquire Abu Dhabi T20 franchise

DUBAI: The Emirates Cricket Board Thursday completed its calibrated announcements of the owners in the ECB's upcoming franchise-based T20 League. Indian Premier League (IPL) franchise Kolkata Knight Riders (KKR) will now have a sister team in the UAE T20 league as the Knight Riders Group (KRG) have acquired the rights to own and operate the Abu Dhabi franchise.

May 13, 2022 11:05

IPL drives 4m+ Disney+ Hotstar subscriptions in March quarter

MUMBAI: The BCCI's value pitch for the Indian Premier League's digital rights just got some serious heft with the declaration by the Walt Disney Company in an earnings call that Disney+ Hotstar had added over 4 million new subscribers in the March quarter, "which benefited from the start of the new IPL season".

May 12, 2022 13:05

BT, Warner Bros Discovery ink 50:50 sports JV for UK, Ireland

LONDON: Following its announcement of exclusive discussions on 3 February, BT Group plc has agreed a set of definitive agreements with Warner Bros. Discovery, Inc to form a 50:50 joint venture company to create a new premium sport offering for the UK & Ireland, and to transfer the operating businesses of BT Sport to Warner Bros. Discovery.

May 12, 2022 11:05

Alphabet picks up IPL rights tender document

MUMBAI: Talk about leaving it till the very end. Literally on the last day as it were, Google parent Alphabet reportedly purchased the Invitation To Tender (ITT) document for the media rights of the Indian Premier League (IPL). The ITT was available for purchase till May 10. Google owns streaming and video platform YouTube and joins a handful of parties that have reportedly picked up the IPL ITT.

Subscribe to Investments