Investments

NCLT admits Viacom18-Disney Star merger scheme

SportzPower Team
May 17, 2024 11:05

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.

May 27, 2020 20:05
Indian gaming industry to be valued at $3.75bn by '24: Study
MUMBAI: India’s online gaming industry has attracted about $350 million in investments from venture capital firms between 2014 and first few months of 2020, growing at a CAGR of 22%, and by 2024, is set to be valued at $3.75 billion, according to a new study. 
May 25, 2020 19:05
Mizoram emblem
Mizoram accords industry status to sport
AIZAWL: Mizoram has become the first state in India to accord industry status to sport, aiming to attract investments to bolster sports activities. 
May 22, 2020 18:05
Fanclash secures Rs35m venture funding
MUMBAI: Info Edge (India) has announced that IE Venture Fund I, the technology major's investment vehicle, has entered into an agreement to invest about Rs 35 million in Fanbuff Esports India. Fanbuff Esports operates e-sports community engagement platform "Fanclash".
May 12, 2020 19:05
City Football Group logo
City Football Group adds 9th club to ownership portfolio
CITY FOOTBALL GROUP has agreed the acquisition of Lommel SK, making the second division Belgian outfit the ninth football club across the world that the Abu Dhabi-based CFG has a stake in. 
May 08, 2020 19:05
PSL team co-owner eyes stake in ‘The Hundred’ team
LONDON: After the owners of IPL franchise Kolkata Knight Riders confirmed interest in buying in to the the England and Wales Cricket Board’s The Hundred, the co-owner of Pakistan Super League team Multan Sultans Ali Khan Tareen has followed suit.  
May 07, 2020 18:05
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Stepathlon Lifestyle completes fundraising from 9 investors
MUMBAI: In a significant development in the Indian private equity investment space, Stepathlon Lifestyle announced Thursday the successful completion of a capital raise, for an undisclosed amount, from nine marquee investors across India, Australia, USA, UK and Canada. 
May 07, 2020 18:05
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Endeavor to offload minority stake in Epic Games: Reports
NEW YORK: Hollywood talent agency and entertainment giant Endeavor has agreed to sell its minority stake in Epic Games as part of the North Carolina-based company's latest fundraising round, which is expected to come at a valuation of more than $15 billion, according to Bloomberg and The Hollywood Reporter. 
May 06, 2020 19:05
Kolkata Knight Riders logo
KKR owners confirm interest in investing in The Hundred
MUMBAI: The owners of Indian Premier League franchise Kolkata Knight Riders have confirmed interest to investing in The Hundred, ECB’s unique 100-ball tournament, if the competition turns towards private investment next year. KKR CEO Venky Mysore told UK's The Telegraph on Tuesday that they would surely be keen to “explore” investment opportunities in The Hundred.
Apr 28, 2020 19:04
Nasscom-incubated sports tech company on-boards RP Singh
MUMBAI: Premium sports technology company SportsUno has brought on board former Indian fast bowler Rudra Pratap Singh, with the company being among the chosen few to have been selected by industry body NASSCOM to digitise the grassroots operations of the sport industry in India.
Apr 24, 2020 16:04
H.I.G. Europe to acquire, rebrand Lagardère Sports
HAMBURG: Miami-based private equity firm H.I.G. has announced that its European affiliate has signed a definitive agreement to acquire a majority stake in Lagardère Sports in a transaction from French media conglomerate Lagardère Group. Lagardère announced plans in December to sell 75% of its sports business to H.I.G in a deal valuing the agency at €110 million (US$118 million). 
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