Online gaming company Kindred Group confirmed it has received a cash takeover bid from French group La Francaise des Jeux. The offer will be announced on Monday before the market opens, Kindred said in a statement...
Zee-Sony Merger: Fate on creation of $10 bn media giant likely to be decided today
Sony Group Corp has called for a board meeting on Friday, where it’s expected to take a call on the $10-billion merger of its India operations with Zee Entertainment Enterprises, said people with knowledge of the matter...
Italian state TV to sell up to 15% of tower unit Rai Way
Italian state broadcaster RAI said on Thursday it plans to sell a stake of up to 15% in its TV tower company Rai Way, a move that Treasury sources said would leave the possibility of a long-awaited merger between the...
Wondrlab acquires Polish digital agency
Marketing technology company Wondrlab has made its first global acquisition with the purchase of Polish digital agency WebTalk through a mix of cash and equity, CEO Saurabh Varma told ET. Founded in 2010, WebTalk is a...
Adani Group raises stake in news agency IANS
The media arm of India’s Adani Group said it increased its stake in IANS India by subscribing to fresh shares issued by the news agency worth Rs 5 crore ($601,801). AMG Media Networks, a unit of Indian billionaire...
Thomson Reuters takes 54% stake in Pagero, raises buyout offer to thwart rival bids
Thomson Reuters raised its offer to buy Sweden’s Pagero by 25% to about $789 million and said it now controls about 54% of the company, seeking to ward off rival bids for the e-invoicing and tax solutions firm...
Thomson Reuters offers to buy Sweden’s Pagero for $627 mln
Thomson Reuters said it has offered to buy Swedish e-invoicing and tax solutions company Pagero for 6.4 billion crowns (about $627 million), topping an earlier offer from U.S. tax technology firm Vertex. Thomson Reuters...
Indian media landscape set for a shake-up, with or without M&As
The likely coming together of Reliance Industries Chairman Mukesh Ambani’s Viacom18 with Walt Disney’s India operations, and clarity over the long-drawn Zee-Sony merger deal could reshape the country’s entertainment...
Zee-Sony merger may be called off, termination notice to be filed by Jan 20
The Sony group is planning to call off the merger pact with Zee Entertainment Enter–prises, capping two years of drama and delay in creating a $10 billion media giant, said people familiar with the matter. The Japanese...
Reliance, Disney start antitrust diligence on India media merger
Indian billionaire Mukesh Ambani’s Reliance Industries and Walt Disney have appointed law firms and started antitrust due diligence of their planned Indian media and entertainment merger, four people familiar with...
Disney, Reliance sign non-binding agreement for Indian media operations merger, says report
Reliance Disney Merger: Walt Disney and Reliance Industries have entered a non-binding agreement for their Indian media operations merger on December 25, 2023, according to a report by ET. Under the merger agreement...
Warner Brothers Discovery explores merger with Paramount: report
Warner Brothers Discovery shares slid more than 5 per cent Wednesday after reports emerged that the media and entertainment giant is exploring a merger with rival Paramount Global. Warner Brothers Discovery chief...
