Comcast-owned Sky is advancing towards a deal to acquire ITV’s Media and Entertainment unit in a transaction that will include a payout dependent on the British broadcaster’s performance, three people...
Entertainment
Sony Music Publishing to buy Recognition Music catalog; source says deal for $4 billion
Sony Music Publishing said on Monday it would buy Recognition Music Group’s entire catalog of works from funds managed by Blackstone, gaining access to more than 45,000 songs including those from Beyonce...
NCLT upholds Aanand Rai’s plea in row with Eros International
The National Company Law Tribunal (NCLT) has allowed filmmaker Aanand L. Rai’s application to refer a dispute between him and a listed movie production house Eros International Media Ltd (EIML) to arbitration. The...
GameStop makes staggering $55.5 billion play to acquire online auction giant eBay
Video game retailer GameStop has proposed to buy e-commerce giant eBay for $55.5 billion. The proposed deal values eBay at $125.00 per share, representing a 20% premium over eBay’s closing price on Friday...
Times Music acquires Catrack Entertainment, doubles down on Punjabi catalogue strategy
Times Music, owned by The Times Group, has acquired Catrack Entertainment, marking its third catalogue buy and deepening its bet on regional music IP through its partnership with Primary Wave Music. The acquisition...
JC Flowers withdraws NCLT plea against Dish TV
In a relief to Dish TV, direct-to-home service provider JC Flowers Asset Reconstruction has withdrawn its petition filed before the NCLT for convening an extraordinary general meeting of the company. The petition filed...
Shemaroo Entertainment acquires OHO Gujarati’s content library
Shemaroo Entertainment has acquired the entire content library of OHO Gujarati for its OTT platform ShemarooMe, marking a first-of-its-kind consolidation in the Gujarati OTT space. The deal adds over 30 original...
Bill Ackman’s Pershing Square proposes $64 billion merger deal with Universal Music Group
Bill Ackman’s Pershing Square proposed a deal on Tuesday to merge Universal Music Group with its investment fund under a plan to revive the world’s biggest music label’s value with a listing in the...
Fertitta Entertainment in talks to buy Caesars for $6.5 billion, CNBC reports
Fertitta Entertainment is negotiating to buy Caesars Entertainment for $32 per share, at an equity value of $6.5 billion, CNBC reported on Saturday, citing sources close to the situation. Fertitta’s terms for...
Tilman Fertitta in talks to buy Caesars for $7 billion, WSJ reports
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...
