Chinese social media firm ByteDance has no plans to sell part or all of its TikTok app, the short video platform’s head said on Tuesday, denying a media report which said the company was currently weighing options to do...
Havas Group buys Mumbai-based experiential agency
French communications network Havas Group has picked up a majority stake in India’s first and leading experiential agency Shobiz Experiential Communications. Founded in 1982, the Mumbai-headquartered Shobiz has five...
Cineworld tops North American box office with Cineplex deal
Cineworld will buy Canada’s Cineplex for $1.65 billion in cash, making the British firm the biggest cinema operator in North America as it looks to tackle increasing competition from online streaming services. Cineworld...
Zee Entertainment shares rally 10% as promoters sell stake
Shares of Zee Entertainment hit the upper circuit in opening deals on Thursday after reports said 14.52 crore shares of the company changed hands in a block deal on the National Stock Exchange (NSE). The scrip rallied...
Punit Goenka to remain Zee’s MD as lenders prepare for share sale
Zee Entertainment’s (Zee’s) Managing Director and Chief Executive Officer Punit Goenka has been reappointed to the position, effective January 1 next year, the broadcaster said on Tuesday, as lenders prepare to sell...
UFO Moviez-Qube Cinemas deal off the table as NCLAT nod comes too late
The national appellate tribunal has approved the proposed merger between digital cinema distribution firm UFO Moviez India and digital cinema technology provider Qube Cinemas Technologies, but the nod came too late as...
Lenders harden stance on Zee promoter stake sale
Lenders to Essel Group promoters expressed misgivings about the lack of information regarding additional stake sale in Zee Entertainment and shot down a proposal to park all the promoter stake in an escrow account till...
Cleartax acquires Dose FM, absorbs its team
Online tax returns filing platform Cleartax has acquired Dose FM, an early-stage audio streaming platform for an undisclosed amount. The four member team of Dose FM will now work with the Cleartax team to create an...
Pub operator Greene King gets regulatory nod for merger with Ka-Shing’s firm
Greene King Plc said on Thursday the European Commission has given the go-ahead for CK Asset, a Hong Kong-listed company founded by the territory’s richest man Li Ka-Shing, to acquire the British pubs operator. The...
VTB Group acquires rights to sell 10.71% stake in ZEEL to recover loan
Zee Entertainment Enterprise Ltd (ZEEL) on Wednesday said VTB Capital PLC, the investment management arm of Russia-based state-run financial services giant VTB Group, has acquired rights to sell 10.71 per cent equity...
Russia’s VTB Group gets rights to sell 10.71% stake of Zee to recover loan dues
VTB Capital PLC, the investment management arm of Russia-based state-run financial services giant VTB Group, on Tuesday said that it has obtained certain lender protection rights in Essel Media Ventures Ltd. and has...
MGM to sell Bellagio, Circus Circus resorts for about $5 billion
MGM Resorts International said on Tuesday it would sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued at about $5 billion, as the U.S. casino operator seeks to monetize its real estate...
