Britain plans to allow state-owned investors to own up to 15% of British newspaper publishers, the government said on Thursday, as part of media reforms that could end long-running uncertainty over ownership of the...
Nazara’s resolution plan to acquire Smaaash gets NCLT nod
The National Company Law Tribunal (NCLT) has approved gaming and media firm Nazara Technologies’ resolution plan to acquire Sachin Tendulkar-backed Smaaash Entertainment, which has been undergoing insolvency proceedings...
Bertelsmann chief seeks to revive $4.15 billion French TV merger, FT reports
German media group Bertelsmann’s CEO Thomas Rabe wants to revive an aborted merger between French broadcasters M6 and TF1, amid the European Union’s softening regulations, the Financial Times reported on...
Meta’s Zuckerberg eyed Instagram spinoff amid antitrust scrutiny, document shows
Meta CEO Mark Zuckerberg considered spinning off popular photo-sharing app Instagram in 2018 over concerns about the growing risk of antitrust scrutiny, according to a document shown at a trial in Washington on Tuesday...
Godrej Industries acquires Savannah Surfactants’ food additives business
Godrej Industries’ Chemicals Business has completed the acquisition of the Food Additives Business of Savannah Surfactants, according to a statement. “As a leading player in Oleochemicals, Surfactants...
Warner Bros Discovery decides against sale of Polish broadcaster TVN
Warner Bros Discovery has decided not to sell Polish broadcaster TVN, it said on Monday, drawing a line under speculation surrounding the future of the company, which is considered strategic by the Polish government...
NCLAT dismisses IDBI Bank’s insolvency plea against Zee
In a relief for Zee Entertainment Enterprises Ltd, the National Company Law Appellate Tribunal (NCLAT) has dismissed the insolvency plea filed by IDBI Bank against the media company over unpaid dues of around ₹150 crore...
Paramount Global, Skydance Media merger deadline to get 90-day extension
Skydance Media and Paramount Global’s $8 billion merger would be automatically extended by 90 days after its deadline of April 7 under the terms of the companies’ agreement. Paramount’s controlling...
Amazon submits last-minute bid to purchase TikTok ahead of US ban deadline
Amazon has bid to purchase TikTok in an eleventh-hour pitch as a US ban on the platform is set to go into effect Saturday. The Amazon offer was made in a letter to Vice President JD Vance and Commerce Secretary Howard...
Musk’s social media firm X bought by his AI company, valued at $33 billion
Elon Musk’s xAI has acquired X in a deal that values the social media platform at $33 billion and allows the value of his artificial intelligence firm to be shared with his co-investors in the company formerly...
Musk’s social media firm X bought by his AI company, valued at $33 billion
Elon Musk’s xAI has acquired X in a deal that values the social media platform at $33 billion and allows the value of his artificial intelligence firm to be shared with his co-investors in the company formerly...
Global cos eye majority in Madison’s ad business
The India units of French advertising and communications companies Publicis Groupe and Havas Network are in separate talks with Sam Balsara-owned Madison World for acquiring a majority stake in its advertising business...
