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New Deal


Announced

Completed

RP-Sanjiv Goenka Group completed the acquisition of a 51% stake in Editorji.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Completed

Acquisition

Single Bidder

Friendly

Domestic

India

Media Agencies

Private

Majority

news application

Synopsis

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RP-Sanjiv Goenka Group, an industrial and services conglomerate, completed the acquisition of a 51% stake in Editorji, an AI-powered news app. Financial terms were not disclosed. “We had been working independently to start our own digital news venture. But Editorji came as a readymade opportunity. The way it is structured is very interesting as it is an AI-driven model. It gives simple news without judgement," Sanjiv Goenka, RPSG Chairman.

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