Investments

NCLT admits Viacom18-Disney Star merger scheme

Last updated : May 20, 2024 13:05
SportzPower Team
May 17, 2024 11:05

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.

Dec 03, 2018 15:12
Aussie fantasy sports brand Draftstars launches India operations
CHENNAI: Draftstars, one of Australia's most recognised fantasy sports platforms, has been launched in one of the fastest growing fantasy sports markets in the world. Draftstars India drew 2300 registrations in its first week of operation, with tens of thousands of rupees being paid out in its initial few days. It marks the first time the pay-to-play fantasy sports platform has expanded outside of Australia.
Nov 24, 2018 16:11
Bayern Munich scores record revenues in 2017-18
MUNICH: Bundesliga champions Bayern Munich may be struggling badly this season, but that hasn’t dampened their off-the-field performance for the 2017-18 financial year. Bayern claims to have earned a whopping 657.4 million euros ($745.6 million) in overall revenues, which is an all-time record for the club. After paying taxes, Bayern posted net profits worth 29.5 million euros ($33.5 million).
Nov 23, 2018 14:11
Ranvijay Singh Magia
Rannvijay Singh invests in sports management firm
MUMBAI: Indian television actor and host Rannvijay Singh, who is also known for his passion for basketball and frequent appearances on NBA India programmes and shows, has invested Rs 10 million in Gurugram-based sports management company ‘IT Magia’, Economic Times reports.
Nov 16, 2018 13:11
Noida-based sports social network secures pre-series A funding
NEW DELHI: Sports social network platform and marketplace Sportido has raised pre-series A funding from Inflection Point Ventures (IPV) for an undisclosed amount, Economic Times reports. IPV is known to invest in the early stages of many Indian start-ups. Sportido will leverage IPV’s funding to help the company expand into other cities in the country.
Nov 13, 2018 11:11
IMG Arena logo
IMG creates global sports betting and data hub 'IMG Arena'
LONDON: Global sports, events and entertainment agency IMG Tuesday announced the debut of IMG Arena, an evolution of its sports betting business. IMG Arena, which sits within the IMG Media division and is headquartered here, will work with more than 250 sportsbook operators worldwide, providing services that include 24/7 live streaming and on-demand virtual sports products.
Nov 13, 2018 09:11
odisha logo
Odisha signs sports development MoUs with 7 top corporates
BHUBANESWAR: The Odisha government, which is aiming to secure the title of 'national sports capital' for Bhubaneswar, has signed agreements with seven top business groups to nurture sporting talent and bolster the sports ecosystem in the state.
Nov 03, 2018 13:11
Stephanie Rice mulls swimming academy in India
LONDON: Former Australian swimmer Stephanie Rice, who famously won three Olympic gold medals at the 2008 Beijing Olympic Games at the age of 20, has announced her plans to set up a swimming academy in India, Press Trust of India reports.
Nov 02, 2018 13:11
Yuvraj Singh's YWC invests in tech start-up Holosuit
NEW DELHI: India’s World Cup winning cricketer Yuvraj Singh has providing funding to Singapore-based HoloSuit Pte Ltd, an augmented reality startup, through his company YouWeCan Sports. Subsequently, Holosuit has named Yuvraj as its brand ambassador as well for its sports vertical.
Nov 01, 2018 16:11
Multifit launches gym chain driven fitness incubator program
MUMBAI: India's largest and fastest growing functional fitness studio brand MultiFit Wednesday announced the country’s first ever gym chain driven fitness incubator program, namely 'MultiFit Fitness Incubator Program (MFIP)'.
Nov 01, 2018 15:11
FC Barcelona to open 3 academies in China with local sponsor assistance
BARCELONA: The Barça Academy project will have three new venues located in the Chinese province of Yunnan following the agreement signed between FC Barcelona and its new regional sponsor in China, Yunnan Baiyao. The company also has partnership rights in Hong Kong, Macao and Taiwan for the next three seasons.
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