India’s leading multiplex chain, PVR, will merge with INOX Leisure, the second biggest, to create the country’s largest film exhibition company — with 1,546 screens in 341 properties across 109 cities. The move is a...
Invesco withdraws EGM requisition for ZEE’s board reconstitution, reiterates support for Zee-Sony merger
A day after winning its appeal in the Bombay High Court against Zee Entertainment Enterprises (ZEE), Invesco Developing Markets Fund (Invesco) has decided to withdraw its requisition notice, which sought removal of MD...
Amazon wins EU antitrust nod for $8.5 billion MGM acquisition
Amazon on Tuesday gained unconditional EU antitrust approval for its proposed $8.5 billion acquisition of US movie studio MGM, a move that will help it better compete with streaming rivals Netflix and Disney. The...
Amazon may be days away from closing deal to buy film studio MGM
Amazon.com Inc could be days away from closing its deal to buy MGM, the fabled studio behind “Rocky” and “James Bond,” as a mid-March deadline for regulators to challenge the online...
Discovery shareholders approve WarnerMedia acquisition
Discovery Inc shareholders voted Friday to approve the media company’s $43 billion merger with WarnerMedia, moving the deal one step closer to completion. Shareholders approved various measures, such as charter...
Italy’s state TV to hold at least 30% stake in towers unit
Italy has ruled that state broadcaster RAI should retain a stake of at least 30% in its towers unit Rai Way, a draft government decree seen by Reuters showed on Wednesday. Reuters reported on Monday that Italian Prime...
Adani Group set to pick up minority stake in Raghav Bahl’s Quintillion Business Media
Industrialist Gautam Adani is set to enter the business news vertical with Raghav Bahl, the erstwhile founder of Network18. Adani Media Ventures has signed a binding term sheet to acquire an undisclosed minority stake...
Japan’s major newspapers to buy stake in ailing printing presses maker
Six major Japanese newspaper companies said on Friday they will buy a third of Tokyo Kikai Seisakusho Ltd to salvage the country’s top maker of newspaper printing presses from a prolonged fight with an unwelcome...
Zee asks NCLT to dismiss IndusInd’s insolvency plea
Zee Entertainment Enterprises (Zee) has filed an application in the Mumbai bench of the National Company Law Tribunal (NCLT), seeking dismissal of IndusInd Bank’s insolvency petition against the company. In a...
Standard General to take U.S. broadcaster Tegna private in $5.4 bln deal
U.S. TV station operator Tegna Inc will be acquired by Standard General for $5.4 billion in an all-cash deal, ending a years-long battle by the shareholder. Standard General’s $24 per share offer is at a premium...
Qyuki in talks with Dailyhunt, Saregama for majority stake sale
Qyuki Digital Media, a creator management and monetisation company, has held talks with strategic investors such as news aggregation platform Dailyhunt and music and entertainment firm Saregama, to sell a majority...
Spotify acquires Podsights and Chartable to advance its podcasting business
Spotify Inc deepened its investment in podcasting with the acquisitions of Podsights and Chartable, two services that provide greater insights for advertisers and podcasting publishers, the Swedish company said...
