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...
Caesars to buy William Hill for $3.7 billion in sports-betting drive
U.S. casino operator Caesars Entertainment agreed on Wednesday to buy British-based gambling group William Hill for 2.9 billion pounds ($3.7 billion) to expand in the fast-growing U.S. sports-betting market. The U.S...
TikTok attacks Trump ban as irrational amid talks on stake sale
A lawyer for TikTok told a federal judge that President Donald Trump’s impending ban on the video-sharing app is irrational given that its Chinese owner is in talks to strike a deal the president himself has demanded...
ShareChat bags $40 million in Pre-Series E funding round
Homegrown regional social network, ShareChat, announced the completion of a $40 million pre-series E round of funding today. The company said the current funding round will be used to drive the growth of its new short...
Pandemic-hit AMC Entertainment to sell up to 15 million shares to raise funds
AMC Entertainment Holdings Inc said on Thursday it has reached a deal with some banks to sell up to 15 mln shares, seeking to raise fresh funding as the COVID-19 pandemic batters the world’s largest movie theater...
Microsoft doubles down on gaming with $7.5 billion deal for Doom-owner ZeniMax
Xbox maker Microsoft Corp said on Monday it would acquire ZeniMax Media for $7.5 billion in cash, its biggest gaming acquisition ever as it seeks to strengthen its video game offerings in its rivalry with Sony...
U.S. lawmakers raise questions about proposed Bytedance-Oracle deal
U.S. lawmakers of both major parties voiced skepticism about a proposed deal between Oracle and China’s Bytedance that appears to stop short of a full sale of Bytedance’s popular social media app TikTok to a U.S. firm...
Oracle beats Microsoft in race for TikTok US
Oracle Corp. edged out rival Microsoft Corp. in negotiations over the weekend for the US operations of TikTok, moving closer toward a deal for the Chinese-owned music-video app that could thwart a threat by US by...
Why Walmart still wants in on the TikTok deal
Walmart Inc said it is pressing ahead with its goal to invest in TikTok as Oracle Corp takes the lead in a partnership with the Chinese video-sharing app. On Sunday, Oracle beat Microsoft Corp in the battle for the U.S...
