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.

Jul 12, 2023 19:07

Star India, including Hotstar, seeks buyer/ partner: report

MUMBAI: Star India, whose business includes the Disney+Hotstar streaming service, is seeking a new joint venture partner or might be sold.

Jul 11, 2023 18:07

Qatar picks up stake in Monumental Sports

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Jul 06, 2023 19:07

Saudia Arabia mulls sports investment company: report

SAUDI ARABIA is mooting the idea of launching a multibillion-dollar investment company to expand its sports interest, according to a report in Financial Times. This follows the country setting up its own golf league in 2022 to compete with the PGA Tour. The new investment company could see money being pumped into sports such as soccer and tennis and other sports, the report said.

Jul 03, 2023 19:07

AIFF ExCo approves entry of 5 corporate teams in I-League

NEW DELHI: The All India Football Federation’s executive committee has approved all five corporate bids to have direct entry into the I-League from next season.

Jun 30, 2023 18:06

Boost LaLiga receives €482m from CVC

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Jun 28, 2023 19:06

Qlan secures $200k pre-seed funding

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Jun 26, 2023 19:06

REC, BAI partner to develop badminton

NEW DELHI: REC Limited, a leading public infrastructure finance company, has partnered with the Badminton Association of India (BAI) to strengthen the development program of Indian badminton.

Jun 26, 2023 19:06

Alpine gets €200m; Ryan Reynolds in investor group

ALPINE HAVE secured a €200m cash injection from a group of investors, including Hollywood actor Ryan Reynolds, to support the French operation’s sporting ambitions in Formula 1. Alpine are currently fifth in the constructors’ championship – one place lower than they finished the last campaign – and have been searching for investment to help close the gap to F1’s leading teams.

Jun 23, 2023 19:06

Qatar to buy stake in Washington Wizards, Capitals: reports

QATAR INVESTMENT AUTHORITY is reportedly buying a stake in three US sports teams, which could indicate the infusion of more Gulf investment into the sports sector in the USA.

Jun 23, 2023 19:06

MotoGP Bharat economic activity of Rs 10 billion: UP CM

LUCKNOW: The ticket sales of MotoGP Bharat, India’s first-ever global motorcycling event, has gone live going live on the official ticketing partner BookMyShow.

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