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...
WestBridge Ventures exits gaming firm Nazara, sells shares worth over ₹500 cr
WestBridge Ventures II Investment Holdings, a fund managed by WestBridge Capital, has completed its exit from Nazara Technologies Ltd by selling shares worth over ₹500 crore to Plutus Wealth Management Llp and its...
Amazon signs deal to acquire podcast startup Wondery
Tech company Amazon recently revealed that it has signed a deal to acquire podcast production firm Wondery. The move is aimed towards expanding its efforts to provide more offerings to users from its music platform...
Quibi in talks to sell content catalog to Roku – WSJ
Quibi is in advanced talks to sell its content catalog to video-streaming device maker Roku Inc as the streaming service winds down operations, the Wall Street Journal reported on Sunday, citing people familiar with the...
Great Canadian Gaming gets shareholder nod for $1.96 billion buyout deal
Great Canadian Gaming Corp said on Wednesday its shareholders had voted in favor of a sweetened deal that would see Apollo Global Management Inc buy the Canadian casino operator for C$2.52 billion ($1.96 billion). About...
ByteDance in talks to buy stake in mobile games firm CMGE – sources
China’s ByteDance is in talks to buy into mobile games publisher CMGE Technology Group Ltd, four people with direct knowledge of the matter told Reuters, as the owner of short video app TikTok moves to strengthen its...
Zee Entertainment to transfer digital publishing business to Rapidcube
Zee Entertainment Board on Thursday approved the transfer of digital publishing business division of the company to Rapidcube Technologies Private Limited. “This is to inform you that the Board of Directors of the...
Zee Entertainment acquires film production, distribution biz from Zee Studios
Zee Entertainment Board on Thursday approved the acquisition of film production and distribution business from Zee Studios. Formerly known as Essel Vision Productions Limited, Zee Studios is a wholly-owned subsidiary of...
Gaming platform Roblox acquires 3D facial animation firm Loom.ai
U.S. gaming platform Roblox Corp said on Monday it has acquired Loom.ai, a San Francisco-based startup providing real-time facial animation technology for 3D avatars. Roblox said the deal will accelerate the development...
Multiples Private Equity sells 2.17% stake in PVR for ₹176 crore
Renuka Ramnath-led private equity firm Multiples Private Equity sold 12 lakh shares or 2.17% of PVR Ltd for ₹176 crore in an open market transaction. According to bulk deal data on BSE, Multiples Private Equity Fund and...
