JV & Investment

Nimbus Comm To Sell 26% Stake; Aims For A $550 Million Valuation - 2 Comments
Posted By Cerius Shah - Tue 02 Sep 2008 11:30 AM PST

Nimbus Communications is expecting $140 million for a 26% stake sell, valuing the diversified media firm at a very respectable $550 million. ET quotes Vice-President, Prasana Krishnan, stating that if…

Shyam Tele Gets Pan-India Spectrum; Sistema May Up Stake - 0 Comments
Posted By Cerius Shah - Sun 31 Aug 2008 04:58 AM PST

Shyam Telecom has been alloted pan-India CDMA spectrum for launching its mobile services. The operator, in which Russia based Sistema, having paid Rs 1,651 crore for the license fee, holds…

Etisalat, Turkcell Amongst Others In Race To Acquire Majority Stake in Datacom - 2 Comments
Posted By Cerius Shah - Wed 27 Aug 2008 08:55 AM PST

Any market that adds 9.22 million wireless subs in one month and has a tele-density of 30% is going to attract attention. Dubai-based Etisalat, Turkish telecom major Turkcell, Carlos Slim’s…

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ADAG RoundUp: Dreamworks Funding; $1 Billion PE Fund; Big TV IPL Rights - 3 Comments
Posted By Cerius Shah - Sat 09 Aug 2008 01:37 AM PST

-- Anil Ambani is one busy man. Dreamworks SKG is near an agreement tbe funded by Reliance ADAG reports Bloomberg. As with an as yet un-finalized deal, the reports are…

Voice Recognition Firm Ubona Funded By Capital 18 - 2 Comments
Posted By Cerius Shah - Mon 04 Aug 2008 11:18 PM PST

Ubona Technologies, a Banglore based business and consumer oriented speech recognition solutions provider has received a Series A investment from Capital 18, the venture and PE arm of Network 18.…

Moser Baer Posts Loss; Seeks Further Expansion In Entertainment - 0 Comments
Posted By Cerius Shah - Sun 03 Aug 2008 03:08 AM PST

Moser Baer posted a net loss of Rs 103.98 crore for the first quarter ended June 30, 2008. The company posted a net profit of Rs 9.64 crore in the…

Sameer Guglani Quits SeventyMM; Morpheus Ventures On Their Funding Model - 6 Comments
Posted By Cerius Shah - Mon 14 Jul 2008 11:14 AM PST

Sameer Guglani and Nandini Hirianniah recently announced the launch of their Y-Combinator modeled Morpheus Ventures. Guglani had sold Madhouse for an undisclosed sum to SeventyMM around the same time last…

HomeShop18 Raises Rs 90 Crore In Second Round From SAIF Partners and Capital 18 - 1 Comment
Posted By Cerius Shah - Wed 09 Jul 2008 12:41 PM PST

Network18’s investment arm, Capital 18, along with SAIF Partners have invested Rs 21.3 crores ($5million) and Rs 68.3 crores ($16million) respectively in Network18’s home shopping network business, HomeShop18. This is…

PVR Pictures Funded By ICICI Venture, JPMorgan For Rs 120 Crore - 1 Comment
Posted By Cerius Shah - Fri 06 Jun 2008 04:01 AM PST

PVR Pictures, the film production and distribution arm of PVR Ltd has been funded for Rs 120 crore from ICICI Venture and JPMorgan reports VC circle. PVR also owns PVR…

NBCU Completes Acquisition Of 26 Percent Stake In NDTV Networks For $150 million - 1 Comment
Posted By Nikhil Pahwa - Mon 26 May 2008 02:58 AM PST

NDTV Networks has informed the BSE that the group has have successfully concluded their strategic partnership initiative with NBC Universal (NYSE: GE). NBCU has taken an indirect stake in 26…

Eros And Lionsgate In A 50:50 Joint Venture For Film Production & Distribution - 0 Comments
Posted By Nikhil Pahwa - Wed 21 May 2008 07:02 AM PST

Eros International and Lionsgate have set up a joint venture for the distribution and production of movies in India and North America. It’s a 50:50 deal, and is likely to…

Private Treaties Acquires Stake In ApnaCircle.com; MouthShut Doing PT Deal For Dekhona? - 2 Comments
Posted By Cerius Shah - Tue 13 May 2008 08:50 PM PST

Two announcements from Private Treaties, the investment arm of the Times Group. The first, it has acquired a minority stake (rumored to be in the 20-30% range) in social network…

SlideShare Gets $3 Million For Presentation Docs Hosting - 0 Comments
Posted By Robert Andrews - Thu 08 May 2008 06:37 AM PST

Powerpoint presentation sharer SlideShare has raised a $3 million first-round investment. David Siminoff, a partner with lead investor Venrock, is joining a board that includes Guy Kawasaki, Marc Cuban, Ross…

Vodafone To Launch iPhone In India This Year - 26 Comments
Posted By Cerius Shah - Tue 06 May 2008 08:31 AM PST

So, we eat humble pie. Vodafone confirms a month old Business Standard story, it will launch the iPhone in India along with Australia, the Czech Republic, Egypt, Greece, Italy, Portugal,…

Images Multimedia Group Gets FIPB Approval For Rs. 33.37 Crores - 2 Comments
Posted By Nikhil Pahwa - Fri 02 May 2008 06:29 AM PST

Delhi based Images Multimedia group has received a clearance from the Foreign Investment Promotion Board for bringing in a foreign direct investment (FDI) of Rs. 33.37 crore, for a dilution…

Zapak Targets BRIC Countries; Jump In Talks For F1 Deal - 1 Comment
Posted By Nikhil Pahwa - Thu 01 May 2008 10:40 PM PST

We’ve heard often about Zapak Digital Entertainment, the online gaming company from the Reliance ADA Group, planning to launch a China site; the doors to China may have been opened…

News Corp Owned STAR Star In Talks With UB Group For Print Foray: Report - 0 Comments
Posted By Nikhil Pahwa - Mon 28 Apr 2008 02:45 AM PST

STAR India, a wholly owned subsidiary of STAR Hong Kong, and a News Corp company is currently seeking a joint venture in India for a print media foray. Business Standard…

Tata Teleservices To Raise $1 Billion Through 15-30% Equity Sale - 0 Comments
Posted By Cerius Shah - Sat 19 Apr 2008 03:50 PM PST

Tata Teleservices plans to raise $1 billion by selling 15-30% of its stake to private equity and strategic investors reports ET. Tata, as per the latest TRAI report, holds 35.41%…

You Telecom And Red Snapper Form Wireless Network JV: YouSnapper - 0 Comments
Posted By Nikhil Pahwa - Wed 16 Apr 2008 12:12 AM PST

YOU Telecom, an Internet Service Provider in which Citigroup Venture Capital has a majority stake, has formed a 50:50 joint venture with Red Snapper, a Malaysian wireless and VoIP service…

CyberMedia Buys UBMs Stake In Publishing JV - 0 Comments
Posted By Nikhil Pahwa - Thu 10 Apr 2008 03:59 AM PST

CyberMedia India appears to be in consolidation mode: the company has acquired the entire equity in UBM-CyberMedia LLC for an undisclosed sum, buying out the stake of their partner United…

DQ Entertainment Picks Up 20% Stake In Method Films - 0 Comments
Posted By Nikhil Pahwa - Thu 28 Feb 2008 06:53 AM PST

DQ Entertainment, an animation and gaming company has acquired 20 percent stake in Method Films, a French animation company which produces content for broadcasters like Nickelodeon, BBC, ITV (LSE: ITV),…

Disney Ups Stake In UTV To 32.1 Pc For $200M; Open Offer For 20 Pc - 1 Comment
Posted By Nikhil Pahwa - Mon 18 Feb 2008 01:03 AM PST

Update: Looks like Reuters (NSDQ: RTRSY) got it wrong: just spoke to a UTV spokesperson, who told me that Disney’s (NYSE: DIS) open offer to UTV Software shareholders is a…

Disney To Increase Stake in UTV; Announcement Monday - 0 Comments
Posted By Rafat Ali - Sat 16 Feb 2008 11:37 AM PST

Walt Disney (NYSE: DIS), which has been a 15 percent stake holder in Indian TV company UTV, is going to announce an increase in its stake this Monday. The announcement…

Warner Bros MPI In A Post-Production Alliance With India’s Prime Focus - 2 Comments
Posted By Nikhil Pahwa - Fri 08 Feb 2008 04:15 AM PST

Warner Bros. Motion Picture Imaging has entered into a strategic alliance with Indian co Prime Focus; the latter will provide digital post production facilities to film-makers. Prime Focus apparently has…

Dice Exits Job Portal JV With Cybermedia - 5 Comments
Posted By Nikhil Pahwa - Fri 08 Feb 2008 02:31 AM PST

This just in: Dice Holdings has sold its stake in Cybermedia Dice Careers to Pradeep Gupta, the founder of speciality media house Cybermedia, a BSE listed entity. Cybermedia Dice Careers,…