Nazara Technologies informed the stock exchanges that it has raised ₹315 crore from marquee investors via preferential allotment of fresh equity. The company will issue 14,29,266 equity shares of face value of ₹4 each...
French mobile gaming unicorn Voodoo buys Israeli studio Beach Bum
French mobile gaming company Voodoo has bought Israeli casual gaming studio Beach Bum as it looks to expand in the market and diversify its revenue stream, it said in a statement on Thursday. Voodoo, which last year...
Invesco drags ZEE to NCLT seeking EGM for board reconstitution
Invesco, the largest investor in Zee Entertainment Enterprises (ZEE), approached the National Company Law Tribunal (NCLT) on Wednesday against the entertainment company for failing to announce a date for the...
Netflix in talks to buy Roald Dahl’s works; will be streamer’s biggest acquisition deal in a decade
Netflix Inc is in talks to acquire the works of ‘Charlie and the Chocolate Factory author Roald Dahl, Bloomberg News reported on Tuesday, citing people familiar with the matter. The deal, which the report said...
Nazara acquires skill gaming platform OpenPlay for Rs 186.4 crore
Indian diversified gaming and sports media platform Nazara Technologies has acquired 100% stake in Hyderabad-based skill gaming company OpenPlay for Rs 186.4 crore. OpenPlay operates a multi-game consumer gaming...
SoftBank-backed Unacademy acquires game streaming platform Rheo TV
SoftBank-backed edtech firm Unacademy announced the acquisition of Rheo TV, a platform that helps professional game streamers livestream their gameplays and monetise those feeds. As part of the deal, Unacademy will...
YouTube to acquire Indian video e-commerce platform Simsim
YouTube on Tuesday said it will acquire Indian video e-commerce platform Simsim, as part of its efforts to help small businesses and retailers in India reach new customers. “…We are taking another step to...
Tencent snaps up British video game developer Sumo in $1.3 bln deal
China’s Tencent will buy British videogame developer Sumo in a $1.27 billion deal, it said on Monday, adding new titles to its growing portfolio of chart-topping videogames. The purchase, which will boost the...
Beginnen Media to invest Rs 400 crore on rural entertainment brand Azaad
At a time when TV broadcasters are busy scaling up their digital presence with video-on-demand streaming services, former ZEE executive Bharat Ranga has identified a totally underserviced audience segment with a huge...
Krafton invests in Indian video game streaming startup Loco
Loco, an Indian streaming platform for video games, received $9 million from investors including South Korean gaming company Krafton Inc. in its first fundraising effort to capitalize on the growing popularity of games...
Viacom18 and Zee Entertainment in early merger talks
Viacom18 Media Pvt. Ltd, the owner of the Colors general entertainment channel, and Subhash Chandra’s Zee Entertainment Enterprises Ltd are in initial talks for a potential merger that could create a large media firm...
Amazon to buy Hollywood studio MGM for $8.45 billion, with debt
Amazon.com Inc. has agreed to buy the Hollywood studio MGM Holdings for $8.45 billion, including debt, in a deal that would turn a film operation founded in the silent era into a streaming asset for the e-commerce...
