Fair-trade regulator Competition Commission of India (CCI) on Monday approved the proposed merger of Jio Cinema OTT with Viacom18 Media. In a tweet on Monday the CCI said it has approved amalgamation of the Jio Cinema...
French broadcasters give up anti-Netflix merger deal
France’s two biggest private broadcasters, M6 Group and TF1, gave up their merger plan to fend off the rise of U.S. streaming platforms, saying antitrust requests made the deal irrelevant. If successful, the deal...
Activist investor Dan Loeb backs off from asking Disney to sell ESPN
Billionaire activist investor Daniel Loeb backed off from pushing Walt Disney Co to spin off ESPN, saying he has a “better understanding” of the sports television network’s potential for growth. This...
Musk says Twitter whistleblower payment is another reason to scrap merger
Elon Musk contended that Twitter Inc’s decision to pay millions of dollars to a whistleblower it had fired gives the world’s richest person another justification for terminating his $44 billion agreement to...
PVR to seek nod from shareholders, creditors on Oct 11 for merger with INOX
Multiplex operators PVR and INOX Leisure may move closer to create the largest multiplex chain in the country with a crucial meeting of shareholders and creditors scheduled on October 11. PVR has called a meeting of its...
NCLT allows to convene shareholders’ meeting to seek approval of Zee-Sony merger
The National Company Law Tribunal (NCLT) has allowed Zee Entertainment Enterprises Ltd (ZEEL) to convene a meeting of its equity shareholders to seek the approval of its proposed merger with Culver Max Entertainment Pvt...
Eros Investments acquires 90% in DRM company ENT Global
Eros Investments, a portfolio of entertainment and tech companies like Eros Media World, Eros Now, and Xfinite’s Mzaalo, has picked up a 90% stake in digital rights management company ENT Global for an undisclosed sum...
Will NDTV turn out to be Adani’s most challenging acquisition?
In the past two-and-a-half years, the Adani Group has made about 30 acquisitions shelling out over 20 billion dollars. They have largely been a smooth affair. In the same period, Chairman Gautam Adani’s net worth...
Zee is in talks with CCI to get approval for merger with Sony Entertainment
Zee Entertainment Enterprises has written to the Competition Commission of India (CCI) in order to get the latter’s permission to merge its operations with Sony Entertainment. The firm is citing the latest TV viewership...
NDTV says stake sale to Adani needs approval from tax authorities
New Delhi Television Ltd said a major stake sale by its founders to Adani group would require clearance from India’s tax authorities, adding another hurdle to the conglomerate’s bid to take control of the...
NDTV promoters seek Sebi clarity on conversion of warrants issued to VCPL
The promoter of New Delhi Television Ltd (NDTV), RRPR Holding Ltd, has approached markets regulator Securities and Exchange Board of India (Sebi) seeking clarity on warrants that were issued to VCPL. The company has...
Adani needs Sebi nod to buy stake, says NDTV
Promoters of New Delhi Television Ltd (NDTV) resisted the Adani Group’s takeover bid, claiming a regulatory order prevents them from transferring effective ownership of part of the company’s shares. The television...
