Investments

JD Sports steps up US push with $1.1bn Hibbett acquisition

SportzPower Team

Apr 24, 2024 20:04

Read more about JD Sports steps up US push with $1.1bn Hibbett acquisition
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British sportswear retailer JD Sports Fashion Plc has entered into a definitive agreement to wholly acquire “highly complementary” US sports apparel and equipment retailer Hibbett, Inc. to speed up its US expansion and enhance its presence in “the world’s biggest and most attractive sportswear market”.

Under the terms of the deal, Birmingham, Alabama-based Hibbett’s outstanding shares will be sold to JD Sports for $87.50 per share in cash for an aggregate enterprise value of approximately $1.1 billion.

Jan 31, 2024 20:01

ISPL co-owners bid combined Rs1,165cr for 6 city teams

MUMBAI: The Indian Street Premier League (ISPL), India’s pioneering tennis ball T10 cricket tournament to be played inside a stadium, Wednesday announced the results of the ‘Invitation to Bid’ for co-owners of the six city teams.

Jan 31, 2024 18:01

'Unable to comment': RIL on Viacom18-Disney merger talks

Reliance Industries Ltd was on Tuesday non-committal on reports of a potential merger between RIL controlled Viacom18 with Disney's India unit.

Jan 30, 2024 18:01

Zee merger termination: NCLT issues notice to Sony

The National Company Law Tribunal (NCLT) on Tuesday accepted a petition by a Zee Entertainment Enterprises Ltd shareholder seeking the merger of ZEE with Culver Max Entertainment Ltd (aka Sony Pictures Network India), which was called off last week despite regulatory approvals, PTI reports.

Jan 30, 2024 16:01

AIPA partners Gaurav Natekar to launch pickleball league

The All India Pickleball Association (AIPA), the body that lays claim to governing the fledgling sport in India, has inked a long term deal with Natekar Sports and Gaming (NSG) to organise a pickleball league in India. NSG is founded and promoted by Gaurav Natekar, former India no 1 tennis player, double Asian Games gold medallist and Arjuna Awardee.

Jan 27, 2024 17:01

Disney's India unit valued at $4.5bn in RIL merger talks: Report

Third time has certainly not been a breeze for The Walt Disney Company and its investments in India. It was in July 2018 that The House of Mouse completed the takeover of 21st Century Fox for all of $71.3 billion. And the valuation of Fox's India unit Star TV at the time? $16bn!

Jan 24, 2024 18:01

ZEE moves NCLT against Sony over merger deal termination

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 acquires Comic Con India at Rs55cr valuation

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

ZEE shares hit lower circuit; institutional shareholders to call EGM

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 Grp board meeting to decide fate of merger with ZEE

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

Nazara Tech raises Rs250cr; picks up stake in Kofluence

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.

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