AT&T Inc. is preparing to spin off its media business and merge it with Discovery Inc. in a tax-friendly deal, according to people with knowledge of the matter, a surprise reversal for a company that spent $85...
Amazon in talks to buy MGM movie studio: The Information
Amazon.com Inc is in talks to acquire the iconic U.S. movie studio MGM, The Information reported on Monday, citing a person familiar with the matter. The status of Amazon’s discussions with MGM is unclear and it...
French TV group TF1 to buy 30% of M6 – Le Figaro
French construction group Bouygues and its broadcasting unit TF1 plan to buy 30% of the shares of TV group M6 being sold by Germany’s Bertelsmann, French daily Le Figaro reported on its website. Bertelsmann would hang...
The first major acquisition by Netflix ought to be Discovery
The streaming entertainment wars are leaving smaller programmers and studios faced with the inevitability of selling to one of a handful of companies set to dominate the world of online video subscriptions: Amazon.com...
Mobile Premier League acquires GamingMonk; launches Esports Arena
Esports and skill gaming platform Mobile Premier League (MPL) on Tuesday said it has acquired esports gaming platform GamingMonk for an undisclosed amount. GamingMonk hosts esports tournaments across multiple platforms...
ByteDance’s gaming unit Nuverse acquires C4games
China’s ByteDance said on Wednesday that its gaming unit Nuverse has acquired C4games, as it seeks to further expand into the video games business. The acquisition of the video games studio comes as ByteDance, owner of...
ByteDance acquires gaming studio Moonton at around $4 billion valuation: sources
ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business. The deal values the gaming studio...
Nodwin Gaming raises ₹164 cr funding from PUBG creator Krafton
Esports firm Nodwin Gaming has raised Rs164 crore in equity investment from South Korean gaming firm Krafton which has picked up a minority stake in the company. Krafton is best known for intellectual properties and...
PVR to invest up to ₹150 crore in cinemas
Multiplex chain PVR Ltd plans to invest between ₹100 crore and ₹150 crore in setting up properties in the coming year, despite the losses of the pandemic and the struggle of the cinema exhibition industry in getting...
Warner Music invests in Rotana Music, Middle East’s biggest label
Warner Music Group has invested in Rotana Music, the Middle East’s largest record label owned by Saudi Arabia’s billionaire Prince Alwaleed bin Talal, Warner said in a statement. The value of the transaction was not...
Gaming firm Nazara raises ₹100 crore from investors
After filing for an initial public offer (IPO) last month, Mumbai-based gaming startup Nazara Technologies Ltd has raised fresh funding of Rs100 crore from Instant Growth Limited (IGL), the investment vehicle of North...
Tencent takes stake in games maker Bohemia Interactive
Chinese tech group Tencent Holdings Ltd has agreed to take an unspecified minority stake in privately-held Czech games developer Bohemia Interactive, for an undisclosed amount, Bohemia said on Tuesday. Bohemia was set...
