Investments

NCLT admits Viacom18-Disney Star merger scheme

SportzPower Team

May 17, 2024 11:05

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The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT). In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.

Jan 15, 2021 14:01

EMIPL ups shareholding in RR to 50%+ , Fordham named grp CEO

NEW DELHI: Indian Premier League franchise Rajasthan Royals on Friday announced that their lead investor, Emerging Media IPL Limited (EMIPL), has increased its shareholding to over 50% in the IPL cricket franchise. EMIPL, which is owned and 100 per cent controlled by Manoj Badale, has successfully concluded an equity fundraise for this purpose.

Jan 15, 2021 12:01

Multi-yr deal With G2 Esports: adidas deepens gaming engagement

BERLIN-BASED ESPORTS ORGANISATION G2 Esports announced Thursday a new partnership with global sportswear brand adidas. Financial terms of the multi-year deal, which sees adidas as G2's official sports apparel provider, were not disclosed.

Jan 14, 2021 10:01

James Murdoch's Lupa Systems teams up with Uday Shankar

MUMBAI: Lupa Systems CEO James Murdoch and Uday Shankar, the former chairman and CEO of Star India and president of Walt Disney Asia Pacific, announced Thursday that they are forming a new venture to explore technology and media opportunities in emerging markets.

Jan 13, 2021 17:01

Club Bolivar is City Football Group's first partner club

LONDON: Bolivia's largest club, Club Bolivar, has joined the City Football Group family as its first partner club. Founded in 1925 and based in the world’s highest capital city, La Paz, Club Bolivar boasts 29 domestic league titles, the most of any Bolivian football club.

Jan 08, 2021 18:01

Aston Martin returns to F1 grid with Cognizant as title partner

LONDON: With anticipation building for almost 12 months and a monumental amount of work undertaken behind the scenes, Aston Martin is back in Formula One.

Jan 06, 2021 19:01

Virat, Times Group minority stakeholders in MPL parent: Report

MUMBAI: Indian cricket team captain Virat Kohli is not just the brand ambassador of Mobile Premier League (MPL), but also holds a small stake in the online gaming platform's parent company - Galactus Funware Technology Private Limited, records accessed by Indian Express show. Bengaluru-headquartered Galactus is a subsidiary of M-League Pte Ltd, a company registered in Singapore in April 2018.

Jan 06, 2021 18:01

BCCI to set Rs15bn base price bid for new IPL team: Report

MUMBAI: The BCCI is reportedly set to notify a base price of Rs 15 billion for potential suitors planning to bid for any one of the two new Indian Premier League teams that will put up for auction from the 2022 season. Which is a fair number considering that in 2018, when JSW took a 50% stake in then Delhi Daredevils (now Delhi Capitals), it was at a valuation of Rs 11 billion.

Jan 05, 2021 15:01

Post top deck churn at Star Sports, new leadership structure in place

MUMBAI: The Walt Disney Company has created a new leadership structure at Star Sports in the aftermath of the departure of key executives from the network late last year.

Jan 05, 2021 12:01

Burnley FC latest Premier League club with American owners

LONDON: Burnley FC has become the latest Premier League side to have American investors as controlling stakeholders after Velocity Sports Partners (VSP), the sports investment arm of US management firm ALK Capital, acquired majority shareholding in the football club.

Dec 24, 2020 14:12

Uday Shankar... & The Men Who Moved The Needle On Indian Sport

MUCH HAS BEEN ALREADY BEEN WRITTEN ABOUT Indian media's biggest executive departure of 2020. The resignation of Uday Shankar as president, The Walt Disney Company APAC and chairman, Star & Disney India, announced October 8, also marks the end of arguably THE defining decade in the evolution of professional Indian sport in the 21st century.

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