The sale of a stake in Zee Entertainment Enterprises Ltd. to a foreign fund failed to cheer investors, who say the transaction leaves founders of India’s largest publicly-traded television network with the need to raise...
Zee closes a stake sale deal, but needs more to meet debt obligations
Subhash Chandra’s Essel group has agreed to sell an 11% stake in Zee Entertainment Enterprises Ltd (ZEEL) for ₹4,224 crore to Invesco Oppenheimer Developing Markets Fund, as the controlling shareholders of the...
Comcast-led group makes offer to buy out Zee promoters
A consortium led by US cable major Comcast and comprising Atairos, Blackstone and James Murdoch’s Lupa Systems submitted a binding offer late Monday to buy out Subhash Chandra from Zee Entertainment, said people aware...
AION ‘close to buying’ majority stake in Adlabs
AION Capital is close to acquiring a controlling stake in Manmohan Shetty-led Adlabs Entertainment Ltd, said two people with direct knowledge of the development. They said the joint venture between US-headquartered...
ZEEL to decide between two binding offers for stake sale
Media and entertainment firm Zee Entertainment Enterprises Ltd (ZEEL) that is in advanced stages of its stake sale process has said that it will decide between two binding offers in the coming days. “We already have one...
Nexon founder scraps what would have been world’s biggest gaming deal – sources
Nexon Co-founder Jungju Kim has scrapped plans to sell a controlling stake in its parent NXC, two sources with direct knowledge of the matter said on Monday, scuppering potentially the largest deal in the gaming sector...
Comcast-led consortium closing in on ZEE Entertainment buy
US cable major Comcast, which owns NBCUniversal, and Atairos, a $4-billion investment company led by former Comcast CFO Michael Angelakis, is looking to team up with PE fund Blackstone and James Murdoch’s family office...
Lego family’s Kirkbi and Blackstone to buy Madame Tussauds owner Merlin: FT
Britain’s Merlin Entertainments Plc is to be acquired for 6 billion pounds ($7.6 billion), including debt, by a group made up of Kirkbi, the investment vehicle of Lego’s founding family, private equity firm Blackstone...
Eldorado Resorts clinches $18 billion cash and stock deal for Caesars: sources
U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a cash and stock deal that values its peer at about $18 billion including debt, people familiar with the matter said on...
Streaming sports site FloSports raises $47 million, led by Discovery
Live sports streaming service FloSports said on Monday that it raised $47 million from investors including current partner Discovery Inc. to grow its coverage of new and existing sports. Other current investors that...
French film group Pathe could buy stake in Luc Besson’s EuropaCorp
France’s historic Pathe cinema company could buy a stake in Luc Besson’s EuropaCorp production firm, which has been hit by a series of weak financial results. EuropaCorp confirmed on Wednesday an earlier report in Les...
Vivendi: UMG sale due diligence proceeding in line with its timetable
French media conglomerate Vivendi said its plans for a possible sale of a stake in its Universal Music Group (UMG) arm were proceeding in line with the company’s planned timeline. Vivendi issued the update after the...
