PVR , India’s leading multiplex operator, has closed a deal to acquire real estate company DLF’s cinema exhibition business, branded DT Cinemas , with fewer screens than originally planned. The acquisition...
Den Networks to sell 55% stake in Den Sports for Rs 43.32 crore.
Cable TV distribution company Den Networks will sell 55 per cent of Den Sports, which indirectly owns Indian Super League team Delhi Dynamos, to Wall Street Investments for Rs 43.32 crore. The company has “entered...
Jyothy Labs to exit venture with Ekta Kapoor
The Mumbai-based Jyothy Laboratories has decided to exit from the 50:50 joint venture company, Balaji Telebrands, by selling its stake in the venture. The company was forged in 2007 with Ms Ekta Kapoor to market and...
New York Times exits radio with $45 mn sale
The New York Times Co is selling its classical music station and exiting the radio business. The Times is selling WQXR-FM in a three-way deal that will see the classical music format become part of public radio , and...
Reliance Big TV evaluating proposals for stake sell
Anil Ambani’s Reliance Big TV today said it was evaluating proposals for diluting stake even as it has earmarked around Rs 600 crore investment in the current fiscal for expansion. Confirming the development...
Reliance Big TV evaluating proposals for stake sell
Anil Ambani’s Reliance Big TV today said it was evaluating proposals for diluting stake even as it has earmarked around Rs 600-crore investment in the current fiscal for expansion. Reliance Communications...
Live Nation sells three Boston theaters
Live Nation Inc., the world’s largest concert promoter, has agreed to sell three well-known theaters in Boston for about $22.5 million, using the proceeds to pay down debt. The buyer wasn’t named and the...
Leapfrog Enterprises reaffirms support of merger with VTech
Leapfrog board of directors reaffirms support of merger with vtech; no superior proposals have been made or are pending * Has not received any offers other than from l&m acquisition, which board determined was...
CCI asks PVR to sell some assets to clinch deal with DT Cinemas
The Competition Commission of India (CCI) has asked PVR Cinemas to first divest some of its assets if it wants to acquire DT Cinemas, which is real estate major DLF’s cinema exhibition business. The decision...
AMC Merger Pushback
The No. 1 priority for a public company is to act in the best interest of its owners. But what happens when the board and shareholders disagree on what that means? This is the pickle Carmike Cinemas is in. The movie...
AMC Entertainment to buy Carmike in deal valued at $1.1 billion
AMC Entertainment Holdings (AMC.N) will acquire Carmike Cinemas Inc (CKEC.O) in a deal valued at about $1.1 billion, including debt, making the combined company the largest U.S. theater chain. Chinese property and...
RBNL in talks with firms for stake sale
After exiting the movie exhibition business by selling Big Cinemas to the Carnival Group in 2014, Anil Ambani is now looking to monetise the broadcast business. Sources close to the company have revealed that the...
