PVR Ltd, India’s largest movie exhibitor, is seeking growth opportunities overseas after sealing a deal to acquire a local cinema chain. The company’s “big focus” is to look at Saudi Arabia, while it’s also planning...
Nazara Tech invests in VR gaming firm InstaSportz
Initial public offering-bound mobile gaming company Nazara Technologies Ltd has picked up a minority stake in InstaSportz Consultancy Pvt. Ltd, a Bengaluru-based virtual reality (VR) gaming company. With the...
Carnival Group to acquire Qatar’s multiplex chain from Elan Group
Carnival Group has signed the largest overseas acquisition deal for any Indian multiplex. The Srikant Bhasi-owned media company which runs one of the largest multiplex chains, Carnival Cinemas, has entered into a...
Paytm acquires Chennai-based TicketNew for $40 million
Paytm, the brand owned by One97 Communications, has acquired Orbgen Technologies, the entity that operates Chennai-based online ticketing platform TicketNew. Sources put the deal size at around $40 million. Last...
Japan’s Sumitomo to take joint venture route to enter Indian realty
Tokyo-based diversified conglomerate Sumitomo Corporation is set to form a joint venture with an Indian company to build integrated township projects across the country, two persons familiar with the development said...
Alibaba leads $1.24 billion investment in film unit of China’s Wanda
Dalian Wanda Group is selling a $1.24 billion stake in its listed film business to a pair of investors led by Alibaba Group Holding Ltd (BABA.N), as the conglomerate looks to bring in strategic partners and raise new...
UFO and QUBE evolve as tiger 2, coming together to roar loud!
UFO Moviez India Limited (UFO) is a public limited company incorporated on June 14, 2004. It is India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens. UFO...
RCom: The story so far
Twelve years after Anil Ambani took control of the telecom business of his father’s empire, the Reliance Group chairman on Tuesday announced a debt resolution plan for Reliance Communications, following which the firm...
Westfield $16 billion Unibail-Rodamco sale rings the bell on retail’s next chapter
For investors in Australia’s Westfield Corp (WFD.AX), its $16 billion sale to European property giant Unibail-Rodamco UNBP.AX may mark a turning point for a mall industry under pressure to reinvent itself amid fierce...
Europe’s Unibail bids $16 billion for Westfield to counter online threat
Europe’s biggest property firm Unibail-Rodamco is to buy U.S. and UK mall operator Westfield Corp for $16 billion, in a defensive move to create a global leader in a sector grappling with the online shopping challenge...
Cineworld in talks to acquire Regal Entertainment for $3.6 billion
Cineworld Group Plc, a British operator of movie theaters, is in talks to acquire U.S. peer Regal Entertainment Group for approximately $3.6 billion in cash, the companies said on Tuesday. A deal between the two would...
PVR to acquire minority stake in US-based theatre firm iPic
PVR LtdBSE 0.56 %, the country’s largest film exhibition company, is set to invest $4 million to pick up a minority stake in American luxury restaurant-and-theatre company iPic -Gold Class Entertainment, a company...