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.  

Jan 05, 2022 20:01
MUMBAI: Rajasthan United FC Wednesday issued a statement refuting a report that said the club is all set to withdraw from the ongoing I-League 2021-22 owing to a lack of funds.  Rajasthan United FC won the I-League qualifiers in October to qualify for the ongoing season (currently suspended) of the I-League.
Jan 05, 2022 19:01
LONDON: Southampton Football Club on Tuesday confirmed that Sport Republic, which is backed by Serbian billionaire Dragan Solak, has completed the acquisition of a controlling stake in the Premier League club.
Jan 04, 2022 17:01
MUMBAI: Global sports e-commerce company Fanatics Inc. has truck a deal to acquire the trading card division of Topps Co. for about $500 million, as per multiple US media reports. The acquisition will include only Topps’ name and sports and entertainment division, not the company’s candy and gift cards line, CNBC quotes a source close to the developments as having said.
Jan 03, 2022 15:01
SINGAPORE: ONE Championship, Asia's leading mixed martial arts (MMA) promotion, closed a $150 million fund raise just ahead of the Christmas break. The equity financing round was led by Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners, and Qatar Investment Authority. The investment was made in parent company Group ONE Holdings.
Dec 24, 2021 07:12
NEW DELHI: Health and fitness startup Healthquad announced Thursday that it had raised $1 million (about Rs 7.5 crore) in funding, as too the onboarding of Australian fast bowler and Test captain Pat Cummins as brand ambassador and investor. 
Dec 23, 2021 13:12
MUMBAI: Better late than never. The dithering by the Board of Control for Cricket in India over issuing a letter of intent to CVC Capital Partners, the global private equity giant that had put in a winning bid for the Indian Premier league's new Ahmedabad franchise, appears to finally be over. 
Dec 23, 2021 11:12
MUMBAI: Eight to 12 months. That is the expected time frame for the proposed merger between Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (Zee) to be completed, assuming that all regulatory clearances go through.    
Dec 22, 2021 08:12
MUMBAI: Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) Wednesday announced that they have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries. 
Dec 21, 2021 08:12
NEW DELHI: Fitness and wellness startup Cult.fit on Monday said it has acquired at-home cardio equipment brands - RPM fitness, Fitkit and Onefitplus. Financial terms were not disclosed. Cult is also making a foray into outdoor bicycles business with acquisition of brand Urban Terrain.
Dec 15, 2021 16:12
NEW YORK: The National Women's Soccer League has announced Voyager Digital Ltd as the first cryptocurrency partner of the top tier women's football league in the US.