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.

Jan 03, 2022 15:01

ONE raises $150m from Qatar sovereign fund, Guggenheim Investments

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

Pat Cummins face of health & fitness startup Healthquad

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

BCCI set to issue LoI to CVC for Ahmedabad IPL franchise

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

Sports, OTT services to be key drivers post-merger: Punit

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

SPN, Zee ink definitive merger agreement; next step public listing

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

Cult.fit acquires Urban Terrain, RPM Fitness, 2 other equipment brands

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

NWSL enters cryptocurrency arena with Voyager partnership, investment

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.

Dec 14, 2021 14:12

Spinny onboards Sachin Tendulkar as investor, lead endorser

MUMBAI: Indian cricketing legend Sachin Tendulkar has come on board used car retail platform Spinny as a strategic investor in the company, as well as lead brand endorser. The association with the Master Blaster marks another chapter in Spinny’s commitment to young Indians in the realization of their dreams and aspirations by serving simple and delightful car buying and selling experiences.

Dec 14, 2021 12:12

Aditya Birla Fashion acquires rights to Reebok in India

MUMBAI: Aditya Birla Fashion and Retail Ltd. (ABFRL) announced on Tuesday that it had in-principal approved buying exclusive online and offline rights to the global sportswear brand Reebok for the Indian market. The deal will be effective once the global ownership of the Reebok brand is transferred from adidas to Authentic Brands Group under a €2.1 billion ($2.37bn) acquisition announced in August.

Dec 14, 2021 12:12

Nike acquires NFT Studio RTFKT in metaverse push

BEAVERTON, Oregon: NIKE, Inc. Tuesday announced the acquisition of RTFKT, a leading brand that leverages cutting edge innovation to deliver next generation collectibles that merge culture and gaming, making a big step to the NFT (non-fungible token) world. The move by the sportswear giant will lead to more creation of virtual collectibles for the metaverse space.

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