VerSe Innovation, the parent of news aggregator Dailyhunt and short-video sharing app Josh, is “acquisition hungry”, as it embarks on a journey to expand its user base, explore monetization opportunities...
Televisa to merge its satellite TV, cable units ‘as soon as possible’
Mexican broadcaster Televisa plans to merge its satellite TV unit Sky with its cable TV and internet service Izzi as soon as possible, the head of the new unit said on Friday. Televisa is aiming to trim its financial...
NCLT orders insolvency proceedings against Subhash Chandra on Indiabulls Housing Finance plea
The National Company Law Tribunal (NCLT) on Monday ordered insolvency proceedings against media mogul Subhash Chandra, following a plea filed by Indiabulls Housing Finance. The decision, announced by a two-member bench...
Zee board approves organization restructuring
Zee Entertainment Enterprises Ltd’s board of directors has endorsed a new organizational framework proposed by managing director and CEO Punit Goenka. Goenka, who will assume direct charge of the domestic...
Zee withdraws NCLT plea in Sony merger case
ZEE Entertainment Enterprises Limited (ZEEL) has withdrawn its application from the National Company Law Tribunal (NCLT) that sought directions to Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment...
Italy’s MFE welcomes ProSieben’s decision to divest non-core businesses
Italy’s MFE-MediaForEurope on Friday welcomed the decision by Germany’s ProSiebenSat.1 to sell some of its non-core businesses. In a statement, the media company, controlled by the family of late Italian...
Paramount could acquire Skydance in $5 bln all-stock deal, WSJ reports
A deal between Paramount Global and Skydance Media could see the media conglomerate acquire the independent studio in an all-stock transaction valued at around $5 billion, the Wall Street Journal reported on Friday...
Warner Music drops plans to bid for France’s Believe
Warner Music Group will not submit an offer to acquire French digital music company Believe, the music label said in a statement on Saturday. Warner Music had revealed plans last month to submit a bid of at least 17...
Vivendi’s Canal+ makes mandatory buyout offer for South Africa’s MultiChoice
French media group Vivendi’s Canal+ on Monday made a mandatory offer to buy all the shares of South African broadcaster MultiChoice it does not already own, both companies said. Canal+, the biggest shareholder in...
Paramount to enter into exclusive merger talks with Skydance: Report
Members of Paramount Global’s board agreed on Wednesday to enter into exclusive merger talks with Skydance Media, favoring the independent studio over a $26 billion offer from Apollo Global Management, a person...
Yahoo acquires Instagram co-founders’ AI news platform Artifact
Yahoo said on Tuesday it had acquired Instagram co-founders’ AI-driven news platform, Artifact, and will incorporate its technology across the U.S. web services provider’s news and other sites. The deal...
Investors greenlight Donald Trump’s $6 billion social media merger deal
Former U.S. President Donald Trump came a step closer on Friday to reaping a major windfall from his social media firm after investors in a blank-check acquisition company approved a tie-up currently worth about $6...
