Mike Ashley’s Sports Direct International Plc dissolved its stake in online retailer MySale Group Plc, a filing showed on Monday. Sports Direct has been trying to ramp up its operations as it tries to buy smaller...
Lions Gate offered to sell Starz to CBS for $5.5 billion – sources
Lions Gates Entertainment offered to sell cable channel Starz to CBS Corp for $5.5 billion after rebuffing a lower offer, two sources familiar with the matter told Reuters. The counter offer was made by the film studio...
TV9’s minority shareholders move NCLT
Minority shareholders, led by former TV9 chief executive officer Ravi Prakash, have moved the National Company Law Tribunal (NCLT) alleging that the company’s majority shareholders had violated its restraining orders...
Netflix buys children’s media brand StoryBots as Disney rivalry heats up
Netflix Inc. acquired the StoryBots children’s media brand as the world’s largest streaming service prepares to challenge rival Walt Disney Co.’s kid-friendly online platform scheduled to start in November. Under the...
Zee stake sale at advanced stage, progressing steadily: Essel Group
Essel Group said Tuesday the stake sale process of Zee Entertainment Enterprises is at an advanced stage. “The stake sale process of Zee Entertainment Enterprises Ltd undertaken by Essel Group, is in steady...
Disney to sell Fox regional sports networks to Sinclair for $9.6 billion
Walt Disney Co said on Friday it would sell its interests in 21 regional sports networks and Fox College Sports to Sinclair Broadcast Group Inc for $9.6 billion, a deal that clears the way for its purchase of Twenty...
Comcast in talks to sell its stake in Hulu to Disney: CNBC
Comcast Corp is in talks to sell its stake in Hulu to Walt Disney Co, CNBC reported on Thursday, citing people familiar with the matter. The report comes 10 days after Hulu bought back wireless carrier AT&T Inc’s...
Gaming start-up MPL raised $35.5 million from Sequoia, & others
Mobile Premier League (MPL), a mobile-focused eSports gaming platform based out of Bengaluru today announced a Series A investment of $35.5 million led by Sequoia India, Times Internet, and GoVentures. Other investors...
CBS suspends CEO search, fuelling Viacom merger expectations
CBS Corp on Tuesday said it had suspended its search for a new chief executive and extended the role of its interim CEO Joseph Ianniello until the end of the year, renewing speculation the U.S. media company will seek...
Walt Disney in control, Hulu buys out AT&T for $1.4 billion
Hulu LLC, an online-streaming venture backed by the biggest firms in entertainment, bought out AT&T Inc.’s 9.5% stake in a deal worth about $1.43 billion. The accord, which values the whole entity at $15 billion...
Hulu spends $1.43 billion to buy back AT&T stake, values streaming service at $15 billion
Hulu has bought back wireless carrier AT&T Inc’s stake in the U.S. entertainment streaming service for $1.43 billion, in a deal that values Hulu at $15 billion, the two companies said on Monday. The sale of...
Vivendi presses on with UMG stake sale as music arm drives revenue
France’s Vivendi said on Monday it was forging ahead with the planned sale of up to 50 percent of its Universal Music Group (UMG), as the iconic division boosted the media conglomerate’s quarterly revenue. Vivendi plans...
