Billionaire Tilman Fertitta has been in exclusive talks to buy Caesars Entertainment for roughly $7 billion after he topped a competing offer from Carl Icahn’s firm, the Wall Street Journal reported on...
Paramount’s $110 billion Warner Bros deal likely to secure FCC backing, FT reports
U.S. Federal Communications Commission Chair Brendan Carr has signaled that the watchdog will not seek to block Paramount’s $110 billion deal to buy Warner Bros and played down competition concerns over a...
Paramount to buy Warner Bros Discovery in $110 billion deal as Netflix bows out of race
Warner Bros Discovery has agreed to be acquired by Paramount Skydance in a $110 billion deal, ending a high-stakes bidding war after Netflix walked away from its agreement with the HBO Max owner. The deal, with an...
Paramount Skydance wins Warner Bros; Netflix walks away and its shares jump
Paramount Skydance emerged as the winner in a months-long battle to acquire Warner Bros Discovery, after streaming giant Netflix on Thursday refused to raise its bid for the storied Hollywood studio. “We’ve...
Las Vegas casino group Caesars weighs takeover interest, FT reports
Caesars Entertainment is weighing takeover offers from several potential bidders, including a bid from Texas gaming and hospitality billionaire Tilman Fertitta, the Financial Times reported on Thursday. Caesars has...
JetSynthesys acquires Big Fish Games’ EverMerge to scale global gaming play
Video gaming company JetSynthesys, which is backed by Sachin Tendulkar, has strengthened its global footprint with the acquisition of EverMerge, a popular merge puzzle game from Big Fish Games, a subsidiary of...
Reliance’s Jio Studios’ acquires 50.1% stake in Sikhya Entertainment
Reliance Industries Limited on Tuesday said its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL), has acquired a 50.1% equity stake in Sikhya Entertainment Private Limited for an aggregate...
Marico to acquire PVR Inox snacking brand for Rs 226.8 cr
Fast-moving consumer goods firm Marico has agreed to acquire a 93.27% stake in Zea Maize, which owns snacking brand 4700BC, from PVR Inox for up to ₹226.83 crore, the companies said on Monday. 4700BC founder Chirag...
Lionsgate sells Lionsgate Play in South, SE Asia to Rohit Jain in up to $30 million deal
Content studio Lionsgate has sold its over-the-top (OTT) streaming business, Lionsgate Play, in South Asia and Southeast Asia to Rohit Jain at an estimated deal value of up to $30 million, people aware of the terms told...
Banijay, owner of Big Brother franchise, and All3Media in talks to merge TV production businesses: Report
French media production company Banijay Group, widely known for owning the “Big Brother” franchise, is reportedly in talks with RedBird IMI, the owner of All3Media, to merge their television production businesses...
Warner Bros rejects revised Paramount bid, sticks with Netflix
Warner Bros Discovery’s board unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that...
Universal Music acquires 30% stake in Excel Entertainment
In one of the largest deals in the Indian film entertainment business, the India unit of Universal Music Group (UMG), world’s largest music label, has acquired a 30% stake in Farhan Akhtar and Ritesh...
