British music retailer HMV has received a last-minute offer from Canada’s Sunrise Records to rescue the business from administration, the Financial Times reported on Sunday. HMV’s creditors welcomed the offer, the...
Zee Entertainment promoters may sell up to 25% stake to a strategic partner
The promoters of Zee Entertainment Enterprises (ZEEL) are considering selling up to a 25 per cent stake to a strategic partner, according to informed sources. As part of an earlier plan, Chairman Subhash Chandra and his...
GameStop abandons efforts to sell company
GameStop Corp, the world’s largest video game and gaming console retailer, said it had abandoned efforts to sell itself after failing to get a potential buyer on favorable terms, sending shares down 21 percent in early...
Viacom CEO Says ‘Absolutely Not’ on Need for CBS Deal
Viacom Inc. Chief Executive Officer Bob Bakish discusses the $340 million acquisition of Pluto TV, content distribution strategy, and progress in talks about a merger with CBS Corp. He speaks with Bloomberg’s...
ZEE in talks with 3 firms to halve promoter holding
The promoters of Zee Entertainment Enterprises (ZEE) have zeroed in on three companies to sell half of their holding in the entity, according to three persons with direct knowledge of the development. The three...
Sports Direct’s Ashley in talks for music retailer HMV: Sky
Sports Direct boss Mike Ashley is in talks to rescue music retailer HMV from administration, Sky News reported on Sunday, saying he had held talks with music and industry suppliers to the business. HMV last month said...
Israeli games developer Playtika buys Austrian card games maker
Israeli mobile games company Playtika said on Thursday it has acquired Austria-based card games firm Supertreat GmbH, just a month after it bought German puzzle developer Wooga GmbH as it seeks to expand further into...
Yankees in talks with Amazon, Sinclair to bid for Yes Network: WSJ
The New York Yankees are in talks with Amazon.com Inc (AMZN.O) and Sinclair Broadcast Group Inc (SBGI.O) about a joint bid for the team’s regional sports network, Yes, the Wall Street Journal reported on Friday, citing...
PVR to raise Rs 750 crore, seeks shareholders’ nod
Multiplex chain operator PVR Friday said it is planning to raise up to Rs 750 crore through issue of securities to qualified institutional buyers, for which it is seeking shareholders’ nod. In a regulatory filing, PVR...
China’s Tencent Music raises nearly $1.1 billion in U.S. IPO
China-based music streaming company Tencent Music Entertainment Group (TME.N) said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range...
JioMusic, Saavn merge to create South Asia’s largest music platform
Music streaming platform Saavn, now a subsidiary of Reliance Industries Limited (RIL), on Tuesday, launched JioSaavn, which according to the company is South Asia’s largest streaming, entertainment and artist platform...
Multi-sport app Sports Flashes acquires ICC World Cup audio rights
Sports Flashes, the multi-sports app, which runs a 24-hour sports radio channel, has picked up the global audio broadcast rights of the ICC Cricket World Cup 2019, scheduled to be played in England between May 30 – July...
