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.

Feb 09, 2023 19:02

Esportswala acquire Thai team to strengthen SA & SEA presence

NEW DELHI: Indian esports organization Esportswala has acquired Thailand’s PUBG Mobile team formerly known as “UTG International” to bolster its presence in the SA (Southern Asia) & SEA (South-Eastern Asia) region. The team will be competing in the upcoming PUBG Mobile Pro League (PMPL) for the prize pool of $60,000 commencing from February 16.

Feb 09, 2023 19:02

Bluestone Equity Partners management team

Ex IMG exec Sharma launches sports, M&E pvt equity firm

NEW YORK: Bluestone Equity Partners (Bluestone), a private equity firm, Wednesday announced the successful closing of Bluestone Capital I, L.P., its inaugural $300 million growth equity fund focused on the global sports, media & entertainment industry.

Feb 03, 2023 19:02

WWE plans big live event In India once Sony-Zee merger through

WWE chief executive Nick Khan has offered an update on the entertainment major's long in the pipeline plans to host a large-scale live event in India, which were majorly stalled by the COVID pandemic.

Feb 02, 2023 19:02

Deltatre appoints Meetal Shah to drive growth in India

Sports broadcast technology provider Deltatre has hired former Reliance-backed JioSaavn executive Meetal Shah as its country manager to spearhead expansion in India. The appointment follows after the acquisition of the business by Bain Capital and Nextalia SGR in June 2022.

Jan 30, 2023 20:01

Audi acquire minority stake in Sauber ahead of F1 entry

Sauber have announced that Audi recently acquired a minority stake in the company, as preparations continue for the German manufacturer’s planned Formula 1 entry in 2026. Audi initially confirmed at last year’s Belgian Grand Prix that they will join F1 when the new engine regulations – featuring increased electrical power and 100% sustainable fuels – are introduced in three years' time.

Jan 27, 2023 19:01

In BCCI's big money WPL windfall, Adani highest bidder

The Rs 4669.99 crore that has been committed for the purchase of five franchises in the upcoming Women’s Premier League (WPL) on Wednesday marks yet another valuation milestone delivered out of cricket's financial centre.

Jan 25, 2023 15:01

Women's Premier League: BCCI scores Rs4670cr from sale of 5 teams

MUMBAI: Yet another revenue landmark for Indian cricket was registered Wednesday after the sale of five franchises that will make up the first season of the Women's Premier League (NOT Women's Indian Premier league) raked in a combined Rs 4669.99 crore. For perspective, this is a higher number than the BCCI got from the sale of eight teams when the Indian Premier League was launched in 2008.

Jan 24, 2023 07:01

YONEX ups India prodn capacity, to make graphite racquets

NEW DELHI: The world’s leading badminton equipment brand YONEX on Saturday announced that it will now manufacture high-quality graphite racquets in the country, expanding its existing production plan and base in India, a move which will bring the cost of full-body racquets down considerably.

Jan 23, 2023 19:01

6 IPL franchises confirm formal interest to buy WIPL teams: Report

MUMBAI: Six of the ten franchises that make up the Indian Premier League have formally submitted expressions of interest in the Women's IPL, Cricbuzz reports.

Jan 18, 2023 14:01

UK's richest man 1st to formally declare interest in buying ManU

Jim Ratcliffe, head of chemical company INEOS and Britain's richest man with a reported worth of £9.8 billion ($12.1bn), officially registered an interest to buy Manchester United FC on Tuesday. The Glazer family, the US-based owners of the Premiere League giants, had revealed in November they are looking at "strategic alternatives", including outside investment or a sale.

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