Paramount Global is exploring the sale of a majority stake in Noggin, its online learning service for children, the Wall Street Journal reported on Friday, citing people familiar with the situation. The company is...
IndusInd gets nod to withdraw ZEE insolvency process plea
A bankruptcy court on Thursday allowed IndusInd Bank’s application to withdraw insolvency proceedings against Zee Entertainment Enterprises (ZEE) after both parties decided to settle the dispute amicably. The...
D2C Ecommerce Acquires Leading Lifestyle Electronics Brand HiLife from Hungama
D2C Ecommerce, a homegrown multi-D2C brand online platform has acquired leading lifestyle electronics brand ‘HiLife from Hungama’. Through this acquisition, D2C Ecommerce will expand its offerings in the electronics...
Adani acquires 49 pc in Quintillion Business Media for Rs 48 crore
Billionaire Gautam Adani’s AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore. In a stock...
UK’s WPP buys Obviously to expand social influencer marketing business
British advertising group WPP has acquired Obviously, a New York-based social influencer marketing agency, for an undisclosed sum. The deal comes less than a week after WPP agreed to buy Goat, an influencer marketing...
Nazara arm Sportskeeda pays $1.8 mn for 73.27% stake in NFL-focused US firm
Absolute Sports, the parent company of Sportskeeda, on Wednesday, said it has acquired a 73.27 per cent stake in Pro Football Network LLC (PFN) worth $1.82 million (about Rs 16 crore) through primary infusion of capital...
Amazon begins due diligence to buy MX Player
Amazon.com Inc. is in advanced talks to acquire MX Player, the video streaming platform owned by Times Internet, three people with direct knowledge of the development confirmed. The US e-commerce giant has hired one of...
Paramount Global mulls sale of majority stake in BET -source
Paramount Global is mulling the possible sale of a majority stake in BET Media Group, which includes the BET cable network, BET Studios and VH1, a source with knowledge of the matter told Reuters. The company believes...
Adani Group acquires NDTV promoters’ additional 27.26% stake for ₹602 cr
Billionaire Gautam Adani now owns a majority stake in Prannoy and Radhika Roy-promoted news broadcasting company New Delhi Television Ltd. On Friday, Adani Enterprises, through its indirect subsidiary RRPR Holdings...
NCLT admits insolvency plea against Big FM Radio’s operator Reliance Broadcast Network
India’s bankruptcy court has admitted Reliance Broadcast Network Ltd., the Big FM radio network operator under the Corporate Insolvency Resolution Process (CIRP). The Mumbai bench of the National Company Law Tribunal...
Zee gets breather as NCLAT stays insolvency process
The National Company Law Appellate Tribunal (NCLAT) on Friday granted interim relief to Zee Entertainment Enterprises Ltd (ZEEL), staying bankruptcy proceedings against the media company. This follows the National...
NCLT adjourns ZEE lenders’ matter against proposed merger to 9 March
The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday adjourned the matter related to applications filed by certain lenders and creditors, against the proposed merger of media and entertainment company...
