Investments

MUMBAI:  Esports media platform TalkEsport announced Wednesday the successful closure of its pre-series A funding round, securing an investment of $1 million from Saswat Ventures. 

The investment underscores TalkEsport’s robust growth trajectory and reaffirms its position as a pioneering force in the esports industry.

May 28, 2021 16:05
MUMBAI: Leading digital sports content platform FanCode has raised $50 million from parent Dream Sports’ investment arm, Dream Sports Investments (DSI). 
May 27, 2021 19:05
DETROIT: MAXPRO, the startup making at-home and connected fitness accessible to all, Thursday announced a strategic partnership with basketball Hall of Famer and entertainment icon Shaquille O'Neal, who has invested in the company to reinforce MAXPRO's mission to help individuals of all fitness levels achieve their goals.
May 26, 2021 19:05
KOLKATA: The heat that top officials from East Bengal have been receiving from all quarters for their intransigence (read hunger to retain the reins on power) looks to be finally paying dividends. Or maybe one should wait till said officials, among whom current executive committee official Debabrata Sarkar is "the face", sign on the dotted line.  
May 25, 2021 18:05
MUMBAI: Times Group-owned American Cricket Enterprises (ACE), USA Cricket's commercial rights partner, has deferred the launch of Major League Cricket (MLC), the Indian Premier League-templated T20 tournament that was targeting launch in 2022, by a year to 2023.    Reason: The ongoing COVID-19 pandemic.
May 25, 2021 16:05
LONDON: Premier League team Leicester City has signed a three-year agreement with global online trading company FBS as its lead shirt sponsor. Financial terms were not disclosed but the club has described the deal as a ‘record’ partnership.
May 19, 2021 12:05
LONDON: Balu Nayar, former managing director of IMG India has joined the board of London-based Go Sports & Entertainment Limited (GSE) as head of Global Corporate Strategy and Planning, and also assumes the role of managing director (Asia).
May 17, 2021 18:05
NEW YORK: AT&T Inc. and Discovery, Inc. Monday announced a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery's leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company.
May 13, 2021 20:05
MUMBAI: Just under four months after Lupa Systems CEO James Murdoch announced the formation of a new venture with former top Disney executive Uday Shankar that would "explore technology and media opportunities in emerging markets", said entity has a name - Seven Islands Inc. 
May 12, 2021 18:05
CARLSBAD, Calif: TaylorMade Golf Company, Inc. announced Tuesday that its current financial sponsor, KPS Capital Partners has signed a definitive agreement, through an affiliate, to sell TaylorMade Golf Company, Inc., to Centroid Investment Partners, a Seoul, Korea based private equity firm. 
May 12, 2021 18:05
LONDON: The England and Wales Cricket Board has published its Annual Review and Financial Statements for 2020/21. In the review, the ECB has declared revenue losses amounting to more than £100m ($141m), compared to what had been expected to be received in 2020, after a year of matches played behind closed doors. The losses reported are from across the game as a whole – including ECB and First Class Counties.