Reliance Jio on Wednesday said it has led Series-A funding round in augmented reality mobile gaming company Krikey. The company did not disclose the financial details of the investment. With this round, the total...
Gaming platform Roblox acquires Imbellus assets ahead of IPO
Roblox Corp said on Tuesday it had acquired the intellectual property assets of cognitive assessment start-up Imbellus to sharpen the U.S. online gaming platform’s recruitment practices before a planned initial public...
Vistas Media Capital to invest $5 million in Marathi OTT service Planet Marathi
Singapore-based media focused investment entity Vistas Media Capital (VMC) has agreed to invest up to $5 million in Planet Marathi Seller Services, the holding company of soon to be launched Marathi video streaming...
Apollo Global funds to buy Great Canadian Gaming for $1.66 billion
Great Canadian Gaming Corp said on Tuesday that Apollo Global Management would acquire the company for about C$2.16 billion ($1.66 billion) through funds managed by its affiliates. Apollo Global’s offer of C$39 per...
British videogame maker Codemasters agrees to Take-Two’s 759 million pounds buyout offer
UK-based videogame developer Codemasters Group Holdings has agreed to Take-Two Interactive Software Inc’s buyout offer of 485 pence per share, the U.S. videogame-maker said on Tuesday. The cash-and-stock offer...
TikTok parent ByteDance seeks to raise cash at $180 billion valuation
ByteDance Ltd. is in discussions over a $2 billion financing round before listing some of its businesses in Hong Kong, people familiar with the matter said, as talks over a sale of TikTok to Oracle Corp. and Walmart Inc...
Flipkart bolsters gaming strategy, acquires gaming startup Mech Mocha
E-commerce giant Flipkart has strengthened its gaming strategy through the acquisition of intellectual property (IP) from Mech Mocha, a mobile gaming start-up that runs India’s first live-social gaming platform Hello...
TikTok signs deal with Sony Music to expand music library
Short video-sharing app TikTok said on Monday it had signed a deal with Sony Music Entertainment that will give all its users access to Sony’s portfolio of music including global artists such as Beyonce, Martin Garrix...
Zee Group in restructuring mode; Rahul Johri to head content, revenue
Private broadcaster Zee Entertainment Enterprises Ltd (ZEEL), which has been facing cash flow issues for over a year, on Wednesday unveiled a major strategic restructuring involving its key talent and integrated various...
Streaming platform ALTBalaji picks up 17.5% stake in celebrity engagement platform Tring
ALTBalaji, a wholly-owned subsidiary of Balaji Telefilms, has acquired a 17.5% stake in the online celebrity digital engagement platform, Tring. Launched in February 2020, Tring has become one of the leading players in...
South Korean retail investors bid over $50 billion to win coveted shares in BTS label
South Korean retail investors ponied up over $50 billion as they sought to lay their hands on shares in Big Hit Entertainment, the management label of K-pop sensation BTS – more than 600 times the value of shares...
U.S. gaming platform Roblox prepares to go public – sources
Roblox Corporation is working with investment banks to prepare for a U.S. stock market listing that could come early next year and which the online gaming platform expects could double its recent $4 billion valuations...
