Punit Goenka, CEO of Zee Entertainment Enterprises (ZEEL), said on Saturday that over 90% of the promoter holding in the company has been pledged. Goenka was addressing analysts following a disclosure made by VTB...
Cedar Fair rebuffs $4 billion offer from Six Flags – sources
U.S. amusement park operator Cedar Fair LP has rejected a $4 billion cash-and-stock offer from larger peer Six Flags Entertainment Corp as inadequate, people familiar with the matter said on Friday. Cedar Fair’s...
Six Flags in bid to merge with Cedar Fair – sources
Six Flags Entertainment Corp has approached Cedar Fair LP with a merger offer, pursuing a combination that would unite two of the largest U.S. amusement park operators, people familiar with the matter said on Wednesday...
Tencent takes 29% stake in computer games maker Funcom
China’s Tencent Holding Ltd has agreed to buy a 29% stake in Oslo-listed computer games developer Funcom, becoming the biggest shareholder, Funcom said on Monday. Tencent, itself a major distributor of online games...
Debenture trustee sells Rs 200 crore of Zee Entertainment shares
Catalyst Trusteeship, acting on behalf of one or a few debenture holders, sold Rs 204 crore worth of Zee Entertainment’s shares in a bulk deal on Monday. Zee shares were placed as collateral with various mutual funds...
Mobile entertainment services firm OnMobile to sell 18% stake for about ₹140 cr to Jump Networks
Mobile entertainment services firm OnMobile Systems Inc. has entered into an agreement to sell 18% stake in its Bengaluru-based subsidiary OnMobile Global Ltd to Jump Networks Ltd. As part of the deal, Jump Networks Ltd...
Spotify buys music production marketplace SoundBetter
Spotify Technology SA has acquired music production marketplace SoundBetter, the music streaming service said on Thursday, without disclosing terms of the transaction. New York-based SoundBetter will become part of the...
James Packer’s Crown Resorts stake sale hits regulatory snag
Australia’s Crown Resorts on Thursday said it had been informed that a planned $1.2 billion stake sale by billionaire founder James Packer to Melco Resorts & Entertainment had been delayed. Melco on Wednesday said...
Hasbro takes home Peppa Pig, PJ Masks in $4 billion eOne deal
Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, expanding into the lucrative infant and preschool market by gaining access to popular TV shows like Peppa Pig and PJ Masks...
Lenders looking to sell exposure in Adlabs Entertainment
Led by public sector lender Union Bank of India, the consortium of lenders to Adlabs Entertainment is looking to sell the entire exposure of over ₹1,200 crore, said a person aware of the development. The bank has...
Dish TV, Airtel Digital TV merger announcement likely by month end
Bharti Airtel’s direct-to-home (DTH) arm Airtel Digital TV, private equity firm Warburg Pincus and Essel Group-owned Dish TV have reached an agreement on merging the two businesses and a formal announcement is expected...
China’s Tencent talking to Vivendi about stake in Lady Gaga’s label
China’s Tencent Holdings Ltd is in talks to buy up to 20% of Universal Music Group (UMG) from Vivendi SA, valuing the music label of Lady Gaga, Ariana Grande and the Beatles at around 30 billion euros ($34 billion), as...
