The Mumbai bench of the National Company Law Tribunal has admitted the merger scheme between Reliance Industries Ltd’s Viacom18, its wholly-owned subsidiary Digital18 and Walt Disney’s Star India, marking...
Sony and Apollo plan to break up Paramount, NYT reports
Sony Pictures Entertainment and private equity firm Apollo Global Management plan to acquire Paramount Global for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar...
Paramount Global exited Reliance’s Viacom18 with attractive returns: Top executive
Paramount Global’s sale of its 13.01% stake in Viacom18 to Reliance Industries (RIL) has provided the company with an opportunity to exit the Indian joint venture (JV) with an attractive return on investment, a top...
CCI approves Airtel’s buyout of Warburg Pincus affiliate’s stake in DTH arm
The Competition Commission of India (CCI) has approved Bharti Airtel’s acquisition of an additional 20% stake in its direct-to-home (DTH) arm Bharti Telemedia from an affiliate of New York-headquartered private equity...
Temasek sells 10% stake in Tata Play to Tata Sons for Rs 835 crore
Tata Sons has raised its shareholding in Tata Play to 70% by acquiring Singaporean government-owned investment firm Temasek’s 10% stake in the company for about $100 million (close to Rs 835 crore), said people in...
After Magzter, Dailyhunt parent to pursue acquisitions more aggressively
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...
