Investments

US pro pickleball assn signs first international deal in India

SportzPower Team

Apr 26, 2024 20:04

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DALLAS, TX: Pickleball, billed as America’s fastest-growing sport, is going after a new frontier - India. The United Pickleball Association (UPA), which was created after a merger between Major League Pickleball and the Professional Pickleball Association in the US last February, and India-based Global Sports have inked a deal to bring the PPA Tour and Major League Pickleball to the country.

As a part of the partnership, the organizations will launch key initiatives to the country, promoting the rapidly-growing sport to a young market.

Mar 31, 2022 10:03

IPL media rights tender – how the contenders stack up

SO FINALLY, AFTER FIVE MONTHS OF DELAYS, the Board of Control for Cricket in India has released the Invitation to Tender (ITT) for the media rights to world cricket's most valuable property for its next five-year cycle – 2023-2027. For the record, the BCCI released the tender for the Indian Premier League media rights on Tuesday, March 29.

Mar 31, 2022 09:03

Games24x7 raises $75m at $2.5bn valuation

BENGALURU: Multi game platform Games24x7 has raised $75 million in a recent funding round, led by Malabar Investment, and has entered the unicorn club with a valuation of $2.5 billion. The funding round also included participation by existing investors Tiger Global and Raine Group. Tiger had earlier invested in the company in 2011 and 2012 and Raine did their first round of investment in 2019.

Mar 29, 2022 13:03

Byju’s, Tencent most active TMT firms in M&A mkt during 2021: Study

LONDON: Think and Learn (Byju’s) and Tencent have emerged as the most active media and telecom (TMT) companies across the global merger and acquisition (M&A) market during 2021. They acquired six and four TMT companies (in deals with a disclosed value ≥ $50m), respectively, reveals GlobalData, a leading data and analytics company.

Mar 28, 2022 18:03

Punjab Kings would bid for team in women's IPL, Ness confirms

MUMBAI: Punjab Kings would be "more than interested" if they are offered opportunity to own a team in the proposed Women's IPL next year, franchise co-owner Ness Wadia said on Monday. The IPL governing council, which met in person for the first time in almost two years here Friday, decided to make "all efforts" to start a six-team annual Twenty20 tournament for women cricketers.

Mar 25, 2022 11:03

Havas Media Group India relaunches sports & sponsorship vertical

MUMBAI: Havas Media Group India has announced the relaunch of its sports and sponsorship vertical, Havas Sports & Entertainment. Additionally, Havas Sports & Entertainment will collaborate with Shobiz Havas, the communication agency of the Havas Group India.

Mar 25, 2022 11:03

Viacom18's Sports18 channels set for debut on April 15

MUMBAI: Viacom18, the Reliance Industries Ltd-controlled joint venture between TV18 and ViacomCBS, will be introducing its English sports channels Sports18 1 SD and Sports18 1 HD on April 15, the company's distribution arm IndiaCast has stated in a public notice.

Mar 25, 2022 10:03

Zee-Sony merger hurdle removed as Invesco drops EGM demand

MUMBAI: Invesco Developing Markets Fund has decided not to pursue its requisition for an extraordinary general meeting (EGM), thereby removing the last hurdle in the the merger of Zee Entertainment Enterprises Ltd (ZEEL) with Sony. ZEEL welcomed Invesco's decision, stating it continues to seek the required valuable support from all its stakeholders.

Mar 25, 2022 07:03

UFC pins multi-yr deal with Skillz to develop branded mobile games

SAN FRANCISCO, CA: In a strategic move to merge the world of esports competition with premium sports & entertainment, leading mobile games platform Skillz announced Thursday a multi-year partnership with UFC, the world’s premier mixed martial arts organization.

Mar 25, 2022 07:03

Mayank Agarwal begins new innings as an investor with Fast&Up

BENGALURU: Indian cricketer Mayank Agarwal begins a new inning as an investor in Fullife Healthcare Pvt. Ltd, the parent company of sports nutrition brand Fast&Up.

Mar 24, 2022 06:03

Rage Coffee scores Virat as investor and brand ambassador

MUMBAI: Packaged coffee products maker Rage Coffee on Wednesday said it has secured funding from Virat Kohli. The food and beverage D2C brand has also been roped in the former Indian cricket team captain as its brand ambassador. The Delhi-based startup did not disclose the amount of investment made by Kohli.

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