Lytus Technologies Holdings PTV Ltd., a global technology-driven services company, has acquired Sri Sai Cable and Broadband Pvt Ltd., a regional multi-service operator (MSO) based in Telangana. The move signifies Lytus...
Zee-Sony merger to face fresh roadblock
The proposed merger of Zee Entertainment Enterprises Ltd with Sony Pictures Networks India (SPN) is likely to face a fresh setback after the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Thursday...
Zee Media in race to buy FM radio broadcaster RBNL
Zee Media Corporation Limited (ZMCL) has got board approval to bid for Reliance Broadcast Network Limited (RBNL), a company that has been put under the corporate insolvency process by the National Company Law Tribunal...
Paramount agrees to settle Viacom-CBS merger investor lawsuit
Paramount Global has agreed to a $167.5 million settlement of a case stemming from the 2019 merger of Viacom Inc and CBS Corp that created the entertainment company, a filing showed. The settlement, reached on Tuesday...
OFI Global China Fund sells entire stake in ZEEL for ₹1,004 cr via block deal; Morgan Stanley, Goldman Sachs invest
Media channel, Zee Entertainment’s (ZEEL) share price dropped by over 3% on Monday as a Chinese fund house exited the company by selling its entire stake for ₹1,004 crore through a block deal. On the other hand...
DNEG to acquire Prime Focus Technologies’ business
DNEG, a visual entertainment services company, has entered into a memorandum of understanding to acquire Prime Focus Technologies (PFT), that works to provide cloud-based software and artificial intelligence (AI)...
Invesco to sell entire 5.65% stake in Zee Ent
Invesco Developing Markets Fund, an investor in Zee Entertainment Enterprises Ltd (ZEEL), is poised to sell its entire 5.65% stake in the company for as much as ₹1,130 crore. In October, Invesco sold 5.51% of ZEEL for...
Conglomerate Starboard buys Parler, to shut down social media app temporarily
Digital media conglomerate Starboard said on Friday it has bought Parler for an undisclosed sum and will temporarily shut down the social media app popular with U.S. conservatives to give itself time to roll out a...
Viacom18 completes strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global
Viacom18 on Thursday announced completion of strategic partnership with Reliance Storage Limited, Bodhi Tree Systems and Paramount Global (formerly known as ViacomCBS). Bodhi Tree Systems is backed by media tycoon James...
CCI clears NBC Universal Media’s stake buy in BTS Investment 1, BTS VCC
Fair-trade regulator CCI cleared the purchase of stake in BTS Investment 1 Pte and Bodhi Tree Systems VCC by NBC Universal Media. BTS Investment 1 Pte Ltd (BTS Investment) is an investment venture firm of Asia...
Vivendi to sell celebrity magazine Gala to win EU approval for Lagardere bid -source
French media giant Vivendi is set to commit to selling celebrity magazine Gala in a bid to win the European Commission’s approval for the acquisition of Lagardere, a source close to the matter said on Tuesday. The...
Nazara’s subsidiary acquires 73% stake in Pro Football Network for $1.8 mn
Listed gaming startup Nazara Technologies Ltd’s announced its subsidiary Sportskeeda has completed the acquisition of 73.27 per cent stake in Pro Football Network Inc. Sportskeeda Inc, is a wholly owned subsidiary of...
