When India’s richest man Gautam Adani unveiled plans for his firm to control a majority stake in New Delhi Television (NDTV) on Tuesday, it was the stealth approach in executing the transaction that drew most...
Adani to acquire 29.18% in NDTV; makes Rs 493-cr open offer for another 26%
The media arm of the Adani group on Tuesday said it had exercised rights to acquire an indirect stake of 29.18 per cent in New Delhi Television (NDTV) through the conversion of loans into an equity stake in the promoter...
General Atlantic, TPG might invest $100 m in Amagi
Private equity giants General Atlantic and TPG are in talks to invest $100 million in media technology firm Amagi, valuing the company at around $1.4 billion, three people with direct knowledge of the development said...
NxtDigital rises 6% on Hinduja Leyland Finance’s merger with company
Hinduja Group-owned NxtDigital rallied as much as 6 per cent during the early trade on Wednesday after the company board approved the merger of Hinduja Leyland Finance (HLFL) with itself. The board approved the merger...
TV station owner Nexstar to buy majority stake in CW Network
Nexstar Media Group, the largest local TV station owner in the United States, said on Monday it will acquire a majority stake in The CW Network, home to popular shows such as “Riverdale”, which is based on...
Axios agrees to $525 million buyout deal with Cox Enterprises
Axios has agreed to sell itself to Cox Enterprises in a deal that values the digital media firm at $525 million, a source familiar with the matter said on Monday. Atlanta-based Cox, a family-owned conglomerate that also...
Satellite operators SES and Intelsat in merger talks, Financial Times reports
Luxembourg-based satellite group SES SA is in talks to merge with its U.S. rival Intelsat SA, the Financial Times reported on Thursday, signaling consolidation in the rapidly changing and competitive industry. Last...
Einhorn’s Greenlight takes stake in Twitter -letter
Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepreneur said he has changed his mind about...
Vice Media explores sale to Antenna Group
Vice Media Inc, a news and entertainment company, is in sale talks with one of its longtime partners, the Antenna Group, according to one person familiar with the discussions. The media company, once valued at $5.7...
ZEE-Sony merger receives approval from stock exchanges
The proposed merger between Zee Entertainment Enterprises (ZEE) and Culver Max Entertainment, earlier Sony Pictures Networks India (SPN), has received approvals from the stock exchanges – the Bombay Stock Exchange (BSE)...
French watchdog’s competition concerns put TF1/M6 merger plan at risk
French television group TF1 and Bouygues said the French competition authority has concerns about TF1’s plans to merge with broadcaster M6. TF1 and its shareholder Bouygues said in a joint statement on Tuesday...
Twitter and Snap could be M&A birds of a feather
Twitter and Snap share some common problems. If they’re smart, they could share much more, as merger partners – provided Twitter can tie up its loose ends with fickle suitor Elon Musk. Twitter reported a...
