Amazon.com Inc. and Spotify Technology SA are exploring bids for Audioboom Group Plc and may decide on formal offers for the podcasting group as soon as this month, Sky News said. The two digital giants have been...
ShareChat seals strategic merger with MX Taka Tak
Homegrown social media platform ShareChat, wthe parent of short-video platform Moj, announced a “strategic merger” with Times Internet-owned MX Taka Tak on Thursday. The deal, which was first reported by Mint in...
India’s ShareChat to acquire local rival MX’s short-video app – sources
The parent company of India’s ShareChat will acquire local rival MX’s short-video platform in an around $700 million deal, two sources told Reuters, as competition heats up in the sector where foreign...
Discovery-WarnerMedia deal clears U.S. antitrust review
Media company Discovery Inc’s plan to acquire venerable film and TV studio WarnerMedia has passed the U.S. Department of Justice’s antitrust review, clearing another hurdle toward closing, according to a...
UK competition watchdog fines Meta $2 million over Giphy acquisition
The UK Competition and Markets Authority (CMA) has fined Meta (formerly Facebook) $2 million for failing to disclose key changes regarding its $315 million acquisition of online database and search engine Giphy...
Tegna in talks to sell itself to Standard General, Apollo Global- source
U.S. regional TV station operator Tegna Inc is in talks to sell itself to shareholder Standard General and private-equity firm Apollo Global Management Inc for $24 per share, a source familiar with the matter said. The...
AT&T opts for WarnerMedia spinoff in Discovery merger, cuts dividend
AT&T Inc said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery Inc and also cut its dividend by nearly half. AT&T shareholders will own 71% of the...
New York Times buys viral game Wordle to expand its games, puzzles business
The New York Times acquired Wordle, adding the popular daily word phenomenon to the newspaper company’s expanding portfolio of games and puzzles. The price wasn’t disclosed, but the Times said it paid in “the low seven...
William Ackman’s hedge fund takes stake in Netflix
Pershing Square has purchased more than 3.1 million shares of the streaming service Billionaire investor William Ackman said his hedge fund has acquired 3.1 million shares of Netflix Inc., attracted by a recent selloff...
Reliance in talks to raise $1.6 billion for media JV as Viacom seeks lower stake
India’s Reliance Industries is in talks with investors to raise up to $1.6 billion for its broadcasting business as its partner, ViacomCBS, looks to pare its interest in the joint venture, two sources told Reuters...
Uday Shankar, James Murdoch plan to pick up nearly 40% in Viacom18, Reliance to retain majority stake
Industries, along with other investors – notably James Murdoch and Uday Shankar – plan to invest over ₹12,000 crore in the entertainment and sports broadcasting business, responding to an industry...
M&C Saatchi suitor AdvancedAdvT makes fresh offer with cash alternative- Sky News
AdvancedAdvT has made a fresh takeover offer for advertising giant M&C Saatchi which includes a partial cash alternative for investors in the British group, Sky News reported on Sunday. AdvancedAdvT is the vehicle...
