Investments

NEW YORK, NY: GroupM, WPP’s media investment group, Wednesday announced its commitment to double media investment for annual women’s sports with the creation of a dedicated marketplace. 

GroupM will seek first look and first-to-market opportunities beginning with the 2024-2025 Upfront alongside advertisers including adidas, Ally, Coinbase, Discover, Google, Mars, Nationwide, Unilever, Universal Pictures, among others.  

Oct 18, 2023 09:10
Alpine and Otro Capital have welcomed some of the world's biggest sports stars as new strategic investors into their €200m fund, including Patrick Mahomes, Travis Kelce, Rory McIlroy, and Anthony Joshua.
Oct 17, 2023 16:10
BENGALURU: Tech sports brand Game Theory has raised $2 million in a pre-Series A funding round from a group of investors led by Nitin Kamath's Rainmatter,  and including Rohan Bopanna, WEH Ventures, Prequate Advisory, and angels - a notable name being Balakrishna Adiga.
Oct 16, 2023 18:10
MUMBAI: India wrapped up what was the country’s most successful Asian Games campaign in Hangzhou, China, last week, with an unprecedented haul of 107 medals to finish fourth overall.  The historic campaign had a few prominent factors behind its success, with JSW Group-led initiatives being among the forefront on that list.
Oct 16, 2023 17:10
By the looks of it, every possible name will have been crossed off the list if and when a buyer for Disney's India business is finally announced.  Media major Sony Pictures Entertainment (SPE) is the latest in early-stage talks with Walt Disney Co. regarding a potential acquisition of its India business.
Oct 11, 2023 19:10
Global private equity giant Blackstone is engaged in discussions with The Walt Disney Company to potentially acquire a stake in Disney's media operations in India, including its streaming and television businesses, Reuters and Economic Times have separately reported.
Oct 04, 2023 19:10
LONDON: Wasserman, a leading talent representation and marketing company, announced Tuesday the completion of its acquisition of CSM Sport & Entertainment. 
Oct 04, 2023 18:10
GURUGRAM: The Singapore subsidiary of NODWIN Gaming - South Asia’s leading gaming and esports media enterprise - a material subsidiary of Nazara Technologies Ltd, has acquired a 100% stake in game marketing agency PublishME for a sum of $2 million from its existing shareholders Nazara Technologies Limited and Ozgur Ozalp.
Oct 04, 2023 16:10
Michael Andretti's bid to join the Formula One championship has been forwarded to the commercial rights holders after being approved by the sport's global governing body on Monday. Andretti, who began a partnership with General Motors' brand Cadillac in January, is the only applicant that the International Automobile Federation (FIA) passed on to the next stage of evaluations from a total of four bidders.
Oct 04, 2023 15:10
Cricket superstar Virat Kohli is the newest celebrity team owner to join the UIM E1 World Championship, the world’s first all-electric raceboat series. Virat and sports tech entrepreneur Adi K Mishra were Tuesday announced as principals at the helm of The Blue Rising Team. The Indian batsman joins the likes of Rafael Nadal, Tom Brady, Didier Drogba and Sergio Perez as an E1 team owner.
Oct 03, 2023 20:10
NEW YORK: Front Office Sports (FOS), the leading multi-platform media and news organization covering the business of sports, Monday announced a strategic minority investment from RedBird IMI, a joint venture between RedBird Capital Partners and International Media Investments focused on building high-growth companies in media, entertainment and sports.