Business Intelligence

MUMBAI: Foodtech major Zomato, which has been in talks to acquire full-stack sports platform Fitso since September, has reportedly closed the deal for a 100% stake in the Gurugram-based company at a price of Rs 800 million to Rs 1 billion.

This is the first acquisition by Zomato it bought out UberEats in January 2020.

“The deal has been internally announced by Zomato. Fitso’s team along with its co-founders will join Zomato,” one of the sources close to the developments told reports.

Jan 21, 2021 16:01
NEW DELHI: Football Delhi on Thursday announced a scholarship programme for talented U-16 players of the National Capital Region for college admission in the US and UK, in partnership with Crayons Academy for Skills Excellence (CASE). Each year, two talented footballers - a junior boy and a girl - will be identified based on their football and academic achievements for a scholarship.
Jan 20, 2021 17:01
RIYADH: BeIN Sports could soon be back on air in Saudi Arabia after reports that the Qatar-based sportscaster has gained streaming rights throughout the Kingdom.
Jan 20, 2021 17:01
LAS VEGAS: MGM Resorts International announced Tuesday it had rescinded its offer to buy Ladbrokes-owner Entain plc, saying it does not intend to submit a revised proposal for the British firm that snubbed an $11 billion takeover approach earlier this month.
Jan 20, 2021 16:01
IRVINE, Calif.: Allied Esports Entertainment, Inc., a global esports entertainment company, and Element Partners, LLC, a privately-held investment vehicle, have announced a definitive agreement under which Element will acquire the company’s poker-related business and assets, including the entities comprising the World Poker Tour (WPT).
Jan 20, 2021 14:01
ZURICH: FIFA has published the 2020 edition of the FIFA Global Transfer Market Report, which charts the transfers of professional men’s and women’s players.
Jan 20, 2021 13:01
ABU DHABI, UAE: Pakistan cricket legend Mudassar Nazar, who scored over 6,500 runs and took over 150 wickets in international cricket, has been appointed as the technical director for T10 Sports Management (TSM). 
Jan 19, 2021 14:01
NEW DELHI: The online gaming industry on Monday urged the government to set up a self-regulatory body to standardise regulations for the entire online skill gaming sector and not just the fantasy sports industry. PTI quotes the Online Rummy Federation (TORF), in a statement, arguing that like fantasy sports, India's skill gaming industry suffers from the same byzantine set of state-by-state laws and regulations.
Jan 19, 2021 13:01
LONDON: The speaker line-up for the SBC Digital India Conference and exhibition is set to feature the founders of some of the market leaders in the country’s fast-growing real-money gaming industry. The conference agenda for the online event on 27-28 January 2021 will address many of the major issues influencing the future of India’s online skill game, sports, esports, lottery, and land-based casino sectors. 
Jan 18, 2021 12:01
MUMBAI: Nazara Technologies has become the first Indian gaming technology company to seek a market debut, having filed initial public offering documents with the market regulators on Friday. 
Jan 15, 2021 14:01
NEW DELHI: Indian Premier League franchise Rajasthan Royals on Friday announced that their lead investor, Emerging Media IPL Limited (EMIPL), has increased its shareholding to over 50% in the IPL cricket franchise.  EMIPL, which is owned and 100 per cent controlled by Manoj Badale, has successfully concluded an equity fundraise for this purpose.