U.S. private equity firm General Atlantic is weighing joining co-shareholder Hg in selling its stake in Argus Media, which could lead to 50% of the oil pricing data business being sold, four people familiar with the...
NCLT approves resolution plan for Television Home Shopping Network
The National Company Law Tribunal (NCLT) has approved a proposal jointly submitted by luggage manufacturer Goblin India and financial services firm Khandwala Finstock for the acquisition of bankrupt Television Home...
Zee-Sony India merger talks stall over disagreement on leadership – Mint
Talks of a merger between India’s Zee Entertainment Enterprises and Japan’s Sony’s Indian arm have stalled after a clash on which company’s top executive will run the merged entity, the Mint...
Zee-Sony merger: NCLAT transfers all cases to bench led by chairperson
The National Company Law Appellate Tribunal (NCLAT) transferred pleas filed by Axis Finance and IDBI Bank challenging the Zee-Sony merger to the bench of the chairperson, Ashok Bhushan. NCLAT’s move comes as the...
Zee, Sony merger energised as SAT lifts ban on Punit Goenka
The Securities Appellate Tribunal (SAT) overturned a regulatory ban on Punit Goenka, managing director and chief executive of Zee Entertainment Enterprises, that prevented him from holding a directorship or top...
Belgium’s Mediahuis joins race for UK’s Telegraph – sources
Belgium publisher Mediahuis has expressed interest in buying Britain’s Telegraph, two sources told Reuters, joining other newspaper publishers, media moguls and billionaires competing to buy the right-leaning...
Publisher Telegraph, Spectator magazine kick off sale process
Newspaper publisher Telegraph Media Group and the Spectator magazine launched a formal sale process for the businesses. The Telegraph group could fetch 600 million pounds ($726.72 million) from the sale, Sky News had...
No plans to dilute stake in Rajasthan Royals: Manoj Badale
Emerging Media Ventures, the owner of Indian Premier League (IPL) team Rajasthan Royals (RR), has no intention of selling a portion of its controlling stake in the franchise despite interest from private equity and...
Hotstar’s owner to merge with Star India
Novi Digital Entertainment, which owns the Disney+ Hotstar streaming platform, has initiated a process to merge with its parent firm, Walt Disney Company-owned Star India. Both companies have already filed the scheme of...
Southwind Media eyes sale its stake in Spain’s Mediapro- sources
Mediapro’s main shareholder, Hong Kong-based investor Southwind Media, is exploring a possible sale of its stake in the Spanish sports rights and broadcasting group, two people familiar with the matter told...
Temasek in talks with Tata Group to offload 20% stake in Tata Play
Singapore-based investment firm Temasek is in advanced talks with the Tata Group to sell its 20% stake in Tata Play to the Indian conglomerate that owns the largest stake in the direct-to-home (DTH) company, people...
Shell company Vertex Tech to buy streaming platform in landmark deal for Singapore
Singapore’s Vertex Technology Acquisition Corp (VTAC) will buy live streaming platform 17LIVE Inc for up to S$925.1 million ($676 million), the special purpose acquisition company (SPAC) backed by state investor...
