Japanese electronics and entertainment giant Sony Corp. is in advanced talks to buy a stake in Subhash Chandra-controlled Zee Entertainment Enterprises Ltd (ZEEL) and form a strategic partnership, three people aware of...
Mexico backs Disney-Fox deal, orders sale of Fox Sports channels
Mexico’s telecoms regulator said on Tuesday it had approved the Walt Disney Co’s $71 billion purchase of Twenty-First Century Fox Inc’s film and television assets, subject to conditions, including the sale of Fox Sports...
Walt Disney’s merger with Star India to cost 350 jobs
The Walt Disney Company’s $71.3-billion acquisition of Rupert Murdoch-owned 21st Century Fox, which includes Star India, will axe 300-350 jobs in India, said two persons in the know. The merger, which is awaiting some...
Tencent, Kakao among shortlisted bidders for S.Korean gaming firm Nexon: Korea Economic Daily
Chinese tech giant Tencent and South Korea’s biggest chat operator Kakao Corp are among five bidders shortlisted to buy South Korean gaming firm Nexon, the Korea Economic Daily newspaper reported on Monday. The...
KKR, China’s Tencent eyeing bids for Universal Music – sources
U.S. buyout fund KKR and China’s Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi’s iconic Universal Music division, a deal potentially worth up 20 billion euros ($22.73 billion)...
Amazon, Comcast, Electronic Arts submit bids for Nexon holding firm: Maeil report
Amazon.com Inc, Comcast Corp and Electronic Arts Inc submitted initial bids for the holding firm of South Korea’s biggest gaming firm Nexon, Maeil Business Newspaper said on Wednesday, citing investment banking sources...
Disney agrees to sell Fox Sports in Brazil to win antitrust nod
Walt Disney Co accepted a demand by Brazil’s antitrust regulator CADE that it sell local rights for the Fox Sports channel to win approval of its takeover of Twenty-First Century Fox Inc, the regulator said on Wednesday...
Carl Icahn urges Caesars Entertainment to sell itself
Activist investor Carl Icahn on Tuesday urged Caesars Entertainment Corp to sell itself, after disclosing a 9.78 percent stake in the U.S. casino operator. “Board should conduct a strategic process to...
UFO Moviez, Qube Cinema merger hits NCLT roadblock
Mumbai-based digital cinema distribution company UFO Moviez’ planned merger with Chennai-based Qube Cinemas Technologies has hit a major roadblock in the National Company Law Tribunal (NCLT). Keeping in mind...
Apollo to buy Cox TV stations in broadcast push
Buyout firm Apollo Global Management LLC has agreed to acquire a majority stake in 14 television stations from privately held Cox Media Group, the company said on Friday, a move that sets up Apollo to become a player in...
Apollo nears $3 billion deal to buy Cox TV stations – sources
Apollo Global Management LLC is nearing a roughly $3 billion agreement to acquire Cox Enterprises Inc’s 14 regional TV stations, the biggest in a series of deals the private equity firm is lining up to become a force in...
PVR looks to raise up to $100 million through QIP
PVR Ltd has held conversations with various investors in recent weeks as India’s largest multiplex operator looks to raise around $100 million through a qualified institutional placement (QIP) offering, said two people...
