Non-profit group CUTS has filed a complaint against the proposed merger agreement between multiplex operators PVR and INOX Leisure, alleging that the deal will have anti-competitive effects on the film exhibition...
Activist’s call for ESPN spin-off may be a tough sell at Disney
The first time billionaire investor Daniel Loeb began pushing for change at the Walt Disney Co, he got his wish. His hedge fund Third Point LLC in 2020 called on the company to suspend its dividend and go all-in on...
Inspired Entertainment in bid to buy slot machine maker PlayAGS
Gaming equipment provider Inspired Entertainment has made a $370 million offer to acquire slot machine maker PlayAGS Inc, people familiar with the matter said on Friday. Inspired has offered $10 per share in cash to...
Barcelona sell further 24.5% stake in audiovisual studio to Orpheus Media
Barcelona have sold a 24.5% stake in their audiovisual studio to production company Orpheus Media for 100 million euros ($102.93 million), the LaLiga club said on Friday, as they look to raise more funds to register new...
AppLovin offers to buy video game software maker Unity in $17.5 bln deal
Gaming software company AppLovin Corp made an offer to buy its peer Unity Software Inc in a $17.54 billion all-stock deal, threatening to derail Unity’s announced plan to acquire AppLovin’s smaller...
Competition watchdog clears BT joint venture with Warner Bros Discovery
Britain’s competition watchdog on Friday approved a merger of sports broadcasting businesses of BT Group and Warner Bros. Discovery. The deal to combine BT’s sports TV unit with Discovery’s Eurosport...
Entertainment firm Falcon’s Beyond to go public via $1 billion SPAC deal
Entertainment firm Falcon’s Beyond has agreed to go public through a merger with blank-check vehicle in a deal valuing the combined entity at about $1 billion, including debt, the companies said on Tuesday. The...
Endeavor to buy sports betting business OpenBet for $800 million
Endeavor Group Holdings Inc, the owner of Ultimate Fighting Championship, will buy sports betting business OpenBet from Light & Wonder Inc for a revised deal value of $800 million, Light & Wonder said on...
Malpani Group buys majority stake of Imagicaaworld. Stock hits 10% upper circuit
Malpani Group (MPG) completes the acquisition of controlling stakes of Imagicaaworld Entertainment (Imagicaa). Investors cheered the development as Imagicaa shares froze at the 10% upper circuit on stock exchanges. As...
PVR-INOX merger gets clearance from BSE and NSE
Multiplex operators PVR and INOX Leisure said that they have received clearances for their merger from bourses NSE and BSE. “The company has received observation letter with ‘no adverse observations’...
Malpani Group ties-up with Aditya Birla ARC to acquire Imagicaaworld Entertainment
The Malpani Group has tied up with Varda Capital-backed Aditya Birla Asset Reconstruction Company to jointly acquire the distressed loans of Manmohan Shetty-promoted Imagicaaworld Entertainment Ltd, in a deal which...
Amazon to secure unconditional EU approval for $8.5 bln MGM buy – sources
Amazon is expected to win unconditional EU antitrust approval for its $8.5 billion buy of U.S. movie studio MGM, people familiar with the matter said, a move that is set to ramp up competition with streaming rivals...
