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 06, 2021 19:01
MUMBAI: Indian cricket team captain Virat Kohli is not just the brand ambassador of Mobile Premier League (MPL), but also holds a small stake in the online gaming platform's parent company - Galactus Funware Technology Private Limited, records accessed by Indian Express show.  Bengaluru-headquartered Galactus is a subsidiary of M-League Pte Ltd, a company registered in Singapore in April 2018.
Jan 06, 2021 18:01
MUMBAI: The BCCI is reportedly set to notify a base price of Rs 15 billion for potential suitors planning to bid for any one of the two new Indian Premier League teams that will put up for auction from the 2022 season. Which is a fair number considering that in 2018, when JSW took a 50% stake in then Delhi Daredevils (now Delhi Capitals), it was at a valuation of Rs 11 billion. 
Jan 05, 2021 15:01
MUMBAI: The Walt Disney Company has created a new leadership structure at Star Sports in the aftermath of the departure of key executives from the network late last year. 
Jan 05, 2021 12:01
LONDON: Burnley FC has become the latest Premier League side to have American investors as controlling stakeholders after Velocity Sports Partners (VSP), the sports investment arm of US management firm ALK Capital, acquired majority shareholding in the football club.
Dec 24, 2020 14:12
MUCH HAS BEEN ALREADY BEEN WRITTEN ABOUT Indian media's biggest executive departure of 2020. The resignation of Uday Shankar as president, The Walt Disney Company APAC and chairman, Star & Disney India, announced October 8, also marks the end of arguably THE defining decade in the evolution of professional Indian sport in the 21st century. 
Dec 22, 2020 20:12
TOKYO: The Tokyo Organising Committee of the Olympic and Paralympic Games (Tokyo 2020) Tuesday unveiled the version five budget for the Olympic and Paralympic Games Tokyo 2020, in conjunction with the Tokyo Metropolitan Government and the Government of Japan. 
Dec 22, 2020 19:12
NEW YORK: Exercise bike maker Peloton Interactive Inc Monday announced that it has entered into an agreement to acquire Precor, one of the largest global commercial fitness equipment providers with a significant US manufacturing presence, in a transaction valued at $420 million. 
Dec 21, 2020 16:12
NEW DELHI: Bengaluru-headquartered gaming and esports start-up EWar Games has raised Pre-Series A funding from Inflection Point Ventures, India's largest and most active angel network. JITO Angel Network and Hyderabad Angels, Pearl Agarwal, founder & director Eximius Ventures, also participated in the round. Ms. Agarwal has participated in her personal capacity.
Dec 18, 2020 18:12
LONDON: The Mercedes-AMG Petronas Formula One Team announced Friday that INEOS will become a one third shareholder in the team, which will be owned in three equal parts by Daimler AG, INEOS and Mercedes F1 team principal and CEO Toto Wolff.
Dec 18, 2020 18:12
MUMBAI: Dream Sports, parent company of India's leading fantasy sports platform Dream11, has appointed Paroma Roy Chowdhury, who just this month resigned as Softbank's senior director of Asia communications and public affairs, to the newly-created role of chief communications and advocacy officer.