Britain’s National World Plc said it had scrapped plans to make a cash offer for Reach Plc, the British publisher behind the Daily Mirror and Sunday Mirror newspapers. National World, which invests in news...
Media
Vivendi-Lagardere deal faces full-scale EU antitrust probe -sources
Media group Vivendi’s proposed acquisition of rival Lagardere is likely to face a full-scale EU antitrust investigation, people close to the matter said on Tuesday. The proposed deal would combine France’s...
Activist investor asks News Corp to spin off unit instead of merger with Fox
Activist investor Irenic Capital Management, which holds 2% of News Corp’s Class B shares, has suggested a spin-off of the media company’s digital real estate business or Dow Jones as an alternative to its...
ENIL buys significant minority stake in music platform Spardha
Entertainment Network India Ltd (ENIL), which operates leading FM radio brand Mirchi, has acquired a significant minority stake in music e-learning startup Spardha, in a bid to strengthen its digital transformation as a...
SEBI approves Adani Group’s open offer for 26% shares of NDTV
Markets regulator Sebi on Monday approved Adani Group’s open offer to buy an additional 26% stake in broadcaster New Delhi Television Ltd, a takeover attempt that has raised concerns over eroding press freedom in...
NDTV puts on hold proposed sale of 20% stake in Astro Awani Network
New Delhi Television (NDTV) on Friday said that the company and its subsidiary NDTV Networks have put on hold the proposed sale of its 20 per cent stake in Astro Awani Network, a media company based in Malaysia...
Zee-Sony to sell off Big Magic, Zee Action and Zee Classic to address CCI’s merger concerns
Broadcasting networks Zee Entertainment Enterprises (Zee) and Culver Max Entertainment (erstwhile Sony Pictures Networks India) have agreed to hive off three Hindi channels—Big Magic, Zee Action and Zee Classic—to allay...
Meta accepts UK order to sell Giphy after antitrust battle
Britain’s competition regulator ordered Facebook owner Meta to sell animated-images platform Giphy after a tribunal upheld its view that the acquisition could damage its rivals and remove a potential competitor in...
Invesco to sell 5.51% stake in Zee Entertainment for over Rs 1,300 cr
Invesco Developing Markets Fund, which has a 10.14 per cent stake in Zee Entertainment, will sell half of its stake in the company in a block deal on Tuesday, sources told Business Standard. Invesco holds the...
Sebi moves Supreme Court against SAT ruling in NDTV matter: Sources
The Securities and Exchange Board of India (Sebi) has moved the Supreme Court (SC) against a ruling by the Securities and Appellate Tribunal (SAT) in a matter pertaining to change of control at New Delhi Television...
Dish Network chairman-backed SPAC in talks to buy wireless business unit
Blank-check firm CONX Corp, backed by Dish Network Corp Chairman Charles Ergen, said on Wednesday it has begun preliminary discussions to acquire Dish’s retail wireless unit, Boost Mobile. The special-purpose...
Spotify acquires firm that detects harmful content
Audio-streaming service Spotify Technology SA said it had acquired Kinzen, a firm that has helped it identify harmful content on the platform. The acquisition is part of Spotify’s efforts to deal with harmful content on...
