Shemaroo EntertainmentNSE -0.21 % has acquiring 50% stake in Dominiche Productions, a leader in astrology space. The acquisition will mark Shemaroo’s entry in the astrology market. Following the deal, Dominiche’s...
Loeb’s Third Point building stake to pressure Sony – sources
Daniel Loeb’s hedge fund Third Point LLC is building a stake in Sony Corp to push for changes that include shedding some businesses, the second time in six years it has targeted the Japanese electronics maker, people...
Mukesh Ambani, Sunil Bharti Mittal are said to weigh Zee stake in fight for content
Billionaires Mukesh Ambani and Sunil Bharti Mittal are considering competing bids for a stake in a troubled Indian television network, people with knowledge of the matter said, as their telecom carriers race for content...
China’s Tencent raises $6 billion in bond sale; proceeds for general purposes
Chinese social media and gaming giant Tencent Holdings Ltd said on Thursday it has raised $6 billion in a bond sale, with proceeds earmarked for refinancing and general corporate purposes. The sale was Asia’s largest...
Zee may tap private equity investors for stake sale as Sony talks fail
Zee Entertainment Enterprises is said to be considering tapping private equity (PE) investors as part of their stake sale process after the breakdown in talks with Sony. Zee’s promoters had been in talks with multiple...
Sony, ZEE deal off for now amid valuation differences
Sony Corp’s bid to buy Subhash Chandra-controlled Zee Entertainment EnterprisesNSE -1.39 % (ZEE) has been derailed on differences over valuation, pushing a rival consortium of US cable major Comcast to the forefront...
Promoters of Zee Entertainment sell Rs 332 crore worth of shares
The promoters of Zee Entertainment have sold Rs 332 crore worth of the firm’s shares in recent months, according to exchange disclosures. The disclosures show that promoter entity Cyquator Media Services have sold...
Told U.S. security at risk, Chinese firm seeks to sell Grindr dating app
Chinese gaming company Beijing Kunlun Tech Co Ltd is seeking to sell Grindr LLC, the popular gay dating app it has owned since 2016, after a U.S. government national security panel raised concerns about its ownership...
Spotify plans to acquire third podcast company Parcast in two months
Spotify Technology SA said on Tuesday it has agreed to buy Parcast, the third podcast company it is purchasing in two months, in an ongoing quest to transform itself into the Netflix of audio. Spotify did not disclose...
China video-streaming firm iQIYI targets raising $1.1 billion in convertible bonds
Chinese video-streaming service iQIYI Inc is looking to raise $1.05 billion in convertible bonds, the latest example of the growing popularity of the instrument among newly listed Chinese tech companies. iQIYI announced...
Disney closes $71 billion deal to acquire Fox’s entertainment assets
Disney has closed its $71 billion acquisition of Fox’s entertainment business, putting “Cinderella,” ”The Simpsons,” ”Star Wars” and “Dr Strange” under one corporate...
Airtel finds Dish TV appetising, signals interest for merger
It’s not just telecom, but also TV distribution space where Sunil Bharti Mittal has decided to give a tough fight to Mukesh Ambani’s Reliance Jio. As Ambani’ Jio has taken control of the two largest cable operators –...
