Investments

NCLT admits Viacom18-Disney Star merger scheme

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 09, 2019 11:04

Steadview Capital investment marks Dream11 entry into unicorn club

MUMBAI: Dream11, India’s biggest fantasy sports platform, Tuesday announced the completion of a secondary investment by Hong Kong and London-based Steadview Capital, an Asia-focused alternative asset manager. This investment marks Dream11’s entry into the unicorn club as the first Indian gaming company to achieve this milestone.

Apr 08, 2019 09:04

Bindra foundation's role in India sport dev lauded

LAUSANNE, Switzerland: As one of the best shooters of his generation, Abhinav Bindra became, at Beijing 2008, the first Indian athlete to win an individual Olympic Gold medal, and has won multiple medals at both the Commonwealth Games and the Asian Games.

Apr 04, 2019 15:04

PGA of America acquires Nextgengolf

PALM BEACH GARDENS, Fla.: The PGA of America has acquired Nextgengolf, to enhance player development programming that is designed to grow the game across emerging generations.

Apr 04, 2019 14:04

India sports sponsorship grew 12% in 2018: ESP

MUMBAI: Overall sports sponsorship in India saw a healthy growth of 12% in 2018 as against 14.1% in 2017, a report released by ESP properties - the entertainment and sports division of GroupM - avers. Sports advertising grew to Rs 77.62 billion.

Mar 30, 2019 13:03

LFP chief pitches for Indian investment in French football

PARIS: LFP, the governing body of football in France, has made a strong pitch for Indian investment in football in the country in leagues such as the Ligue 1 on the lines of what Chinese firms have done. The development comes days after Ligue 1 champions Paris Saint Germain expressed a strong interest in investing in the Indian market.

Mar 28, 2019 14:03

Japanese gaming giant invests $100,000 in GamingMonk

MUMBAI: GamingMonk, the Delhi-based firm which organises some of India’s biggest offline eSports events across eight cities in India, has raised $100,000 from one of Japan’s leading gaming websites, GameWith. The investment will be used for product development, team building and brand marketing.

Mar 27, 2019 15:03

Under Armour opens 1st Indian store; plans 10 by yr-end

NEW DELHI: American sports apparel company Under Armour Inc may be coming in late to this market but believes it has the "advantage of not being up against legacy" in its efforts to catch up with the dominant international names in the Indian game - Puma, adidas, Reebok and Nike.

Mar 22, 2019 14:03

Sanjay Gupta, Managing Director, Star India

‘Head room for growth in sport better than any other part of our business portfolio’

In a wide ranging and extensive interaction with SportzPower conducted just ahead of the March 20 announcement of The Walt Disney Company closing its $71.3 billion acquisition of 21st Century Fox, SANJAY GUPTA, managing director of Star India, offers a detailed overview of the critical role sports plays in the business of India’s largest broadcast network.

Mar 20, 2019 11:03

Disney's acquisition of 21st Century Fox now effective

NEW YORK: At 12:02 a.m. Eastern Time (9.32 a.m. IST) Wednesday, The Walt Disney Company’s $71.3 billion acquisition of 21st Century Fox became effective.

Mar 19, 2019 18:03

Fantasy sports startup HalaPlay scores Rs400m funding

MUMBAI: Online daily fantasy sports startup HalaPlay has secured Rs 400 million in the funding round led by the Nazara Technologies and Delta Corp India. The company has been looking out for the different opportunities in the interactive sports verticals and has also invested in the likes of Mastermind Sports Limited and Moonglabs Technologies.

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