Fox Corp said on Tuesday it would acquire video streaming firm Tubi for about $440 million in cash and will fund the deal with the net proceeds from the sale of its stake in Roku Inc. Tubi users spend over 160 million...
Gray Television withdraws Tegna offer amid coronavirus rout: sources
Gray Television Inc has withdrawn its offer to acquire larger peer Tegna Inc because of concerns about the impact of the coronavirus outbreak on U.S. regional TV station operators, people familiar with the matter said...
Airtel buys 10% in digital content firm Spectacom
Bharti Airtel said it will help Spectacom deliver exclusive digital content through its platforms Airtel Xstream and Wynk Music. This deep digital distribution reach will allow Airtel customers, including the youth in...
Grindr’s Chinese owner says to sell dating app for $608 mn after US diktat
Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that it has agreed to sell Grindr LLC, a popular gay dating app it acquired in 2016, for about $608.5 million. The deal comes after a US government panel...
Embracer to buy U.S games developer Saber Interactive for up to $525 million
Shares in Embracer soared on Wednesday after the Swedish video game group said it was buying U.S. game developer Saber Interactive for up to $525 million and reported a sharp rise in quarterly core earnings. Embracer...
Warner Bros eyes India’s retail entertainment space
Warner Bros is vying for a piece of India’s growing retail entertainment industry. Warner Bros is vying for a piece of India’s growing retail entertainment industry. Warner Bros is scouting for around 20,000...
Concept buys 51% stake in marketing firm Lastmile Solutions
While Suchanti declined to share details, he confirmed to ET that it’s a part debt and equity deal, and Concept would infuse capital for growth. “The deal is engineered in a way where we will be scaling up business by...
Dish TV’s Merger Talks With Airtel Digital Stall
Dish TV India Ltd.’s talks to merge with Airtel Digital TV have stalled on differences over the deal’s structure, according to people with knowledge of the matter. Essel Group’s Dish TV has opted to explore a sale of...
ProSieben says “super relaxed” on Mediaset stake
German broadcaster ProSiebenSat.1 Media is “super relaxed” about having Italy’s Mediaset as a minority shareholder and the two are holding constructive talks on closer cooperation, a senior executive told Reuters...
Disney drops ‘Fox’ from 20th Century, Searchlight Pictures post acquisition
Disney is making its much-publicised acquisition of 21st Century Fox official with the studio dropping the name “Fox” from the brand. In a historic deal last year, Disney bought 21st Century Fox assets for...
Digital rules out mandatory offer for Starbreeze as raises stake
Digital Bros said on Wednesday it has raised its stake in Starbreeze to 28.6% of the Swedish videogames producer’s voting rights but ruled out going above the 30% threshold that would oblige it to make a full bid. The...
Casino close to selling discount chain Leader Price to rival Aldi: source
French retailer Casino Guichard Perrachon SA is in advanced talks to sell its Leader Price discount chain to German low-cost rival Aldi, a source with knowledge on the matter said on Saturday. The source said both...
