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...
ProSiebenSat.1 sells Verivox to Italy’s Moltiply for $250 million
German media group ProSiebenSat.1 said on Friday it would sell comparison website Verivox to Italy’s Moltiply Group for 231 million euros ($250 million) as it seeks to focus more on its core TV broadcasting...
CCI cleared seven M&A deals in media sector over past five years: I&B ministry
The Competition Commission of India (CCI) approved seven M&A deals in the media and entertainment sector over the past five years while ensuring competition safeguards, Minister of State for Information and...
Axel Springer weighs sale of marketing business Awin, sources say
German media group Axel Springer is considering a sale of its affiliate marketing unit Awin, according to three people familiar with the matter, following the planned break-up its owners agreed last year. The group has...
CCI approves Tata Sons’ acquisition of 10% stake in Tata Play from Temasek
The Competition Commission of India (CCI) has approved Tata Sons’ acquisition of a 10% stake in direct-to-home (DTH) provider Tata Play from Temasek-owned Baytree Investments. Post acquisition, Tata Sons’...
BCCI clears Torrent Group’s 67% stake acquisition in Gujarat Titans from CVC
The Board of Control for Cricket in India (BCCI) has approved Torrent Group’s acquisition of a 67% stake in Indian Premier League (IPL) franchise Gujarat Titans from private equity firm CVC Capital Partners. With...
Times Music buys Indian regional record labels symphony, ARC
Times Music, a subsidiary of The Times Group, has acquired Indian regional record labels Symphony Recording Co and ARC Musicq. These mark the company’s first acquisitions since its 2023 partnership with Primary...
EU regulators set July 1 deadline for Liberty Media, Dorna deal
EU antitrust regulators have set a July 1 deadline for their decision on Liberty Media’s 3.5-billion-euro ($3.8 billion) bid for Dorna Sports as they resumed their investigation, according to an update on the...
Elon Musk says he is not interested in buying TikTok
Billionaire Elon Musk said that he was not interested in purchasing TikTok, the popular short-video app that the United States has been trying to ban over national security concerns with its Chinese owner ByteDance...
Warner Music acquires controlling stake in Tempo Music from Providence Equity
Warner Music Group (WMG) has acquired a controlling stake in Tempo Music Investments, an investment platform for premium music rights, from Providence Equity Partners, which will remain a minority investor in Tempo and...
ITV, RedBird IMI in early-stage talks to merge production businesses, sources say
British broadcaster ITV has been holding early-stage talks with Abu Dhabi-backed group RedBird IMI about a possible merger of their respective production businesses, two people with knowledge of the situation said. The...
Getty Images explores merger with Shutterstock, Bloomberg News reports
Getty Images Holdings is exploring a merger with its rival Shutterstock, Bloomberg News reported on Friday, citing people familiar with the matter, sending the stock of both image licensing companies up in afternoon...
