Investments

NCLT admits Viacom18-Disney Star merger scheme

Last updated : May 20, 2024 13:05

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.

Apr 25, 2023 17:04

Endeavor sells IMG Academy to private equity firm for $1.25bn

BEVERLY HILLS, Calif.: Endeavor Group Holdings, Inc. Tuesday announced that the global sports and entertainment company has entered into a definitive agreement to sell its IMG Academy sports education business to private equity firm BPEA EQT in an all-cash deal at an enterprise valuation of $1.25 billion. The two companies anticipate the deal will close in the third quarter of this year.

Apr 24, 2023 18:04

Premier Handball League confirms owners, names of 2 more teams

MUMBAI: Premier Handball League has confirmed the owners and names of two more PHL franchises – Delhi Panzers and Telugu Talons. The announcement comes close on the heels of Golden Eagles Uttar Pradesh and Garvit Gujarat being named as PHL teams.

Apr 21, 2023 20:04

KL Rahul picks up stake in Ben Stokes' 4CAST venture

Indian cricketer KL Rahul has invested in English Test captain Ben Stokes’ entrepreneurial venture 4CAST that offers a corporate outlet for international athletes to prospect business opportunities both alongside their career as well as post-retirement. Stokes co-founded 4CAST with England teammates Stuart Broad and Jofra Archer.

Apr 20, 2023 19:04

ZEE starts settlement talks with creditors to close Sony merger

Zee Entertainment Enterprises Ltd has reportedly started settlement talks with its creditors to repay debts and remove the last hurdle in completing a merger with the Sony Group that would create a $10 billion media giant. The settlement with creditors is said to be the last hurdle in completing the merger. IDBI Bank and Axis Bank are among the creditors seeking repayment.

Apr 19, 2023 19:04

Premier Handball League confirms UP, Gujarat franchises

MUMBAI: With less than two months until the season opener of the inaugural Premier Handball League (PHL), sanctioned by the South Asian Handball Federation and affiliated with the Asian Handball Federation (AHF), two new teams have become part of the PHL journey.

Apr 18, 2023 21:04

Mohammedan Sporting's investor Bunkerhill announces exit

What is it with legacy Kolkata football clubs and their inability to work with corporate investors? Mohammedan Sporting‘s principal investor Bunkerhill Private Limited informed the club's officials on Monday that they were looking for an exit.

Apr 14, 2023 19:04

Viacom18 closes stake share deal with Reliance, Bodhi, Paramount

MUMBAI: Media conglomerate Viacom 18, on Thursday, announced that it has completed the transaction for a strategic partnership with Reliance Industries Ltd (RIL), Bodhi Tree Systems, and Paramount Global.

Apr 14, 2023 18:04

S Arabia woos IPL team owners for 'richest T20 League': Report

Saudi Arabia has reportedly offered Indian Premier League team owners the opportunity to set up the "world's richest T20 league" in the country. As per Australian publication The Age, the talks have been going on over the subject for about a year.

Apr 13, 2023 19:04

Mubadala Capital buys out IMG stake in ATP 500 Rio Open

NEW YORK: IMG Thursday announced it has sold its 50% interest in the ATP 500 Rio Open tournament to Mubadala Capital. Following the sale, the Abu Dhabi sovereign wealth fund now has 100% ownership of the ATP 500 Rio Open.

Apr 12, 2023 18:04

TN govt assures funding for return of ATP event to Chennai

CHENNAI: The Sports Development Authority of Tamil Nadu (SDAT) has confirmed that the state government will provide funds for the conduct of an ATP tour event in the city. All well and good of course but the when of it appears overly optimistic, whichever way you slice and dice it. “We will provide funds to host the ATP Chennai Open in 2023,” the SDAT Twitter handle posted.

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