The New York-based media company has been in advanced talks to sell its minority stake in Viacom18 Media Pvt. to Reliance, said the people, who asked to not to be identified as the information is private.
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Investment firms Hudson Bay Capital, Reverence Capital Partners, Citadel Global Equities, other institutional investors and certain members of the bank#39;s management also participated in the equity investment, according to NYCB.
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The two companies have been in a legal battle since 2020, when the gaming firm alleged that Apple#39;s practice of charging up to 30% commissions on in-app payments on its iPhone Operating System (iOS) devices violated U.S. antitrust rules.
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The listing put limits on individuals#39; bank transactions and forces them to seek approval every time they want to use their accounts.
Read MoreCurrently, India Inc’s finance honchos are facing several headwinds geopolitical tensions are high, there’s a dilemma over private capex, consumption is stagnant and compliance requirements are increasing. The 5th edition of the ETCFO Leadership Summit will expound on how CFOs…
Read MoreAnand Kumar Bajaj, Founder, MD & CEO, PayNearby, said, “The increasing adoption of newer services such as e-commerce, mutual funds, and fixed deposits signifies a promising trend in rural areas, where women are gearing up to engage in formal economic…
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