Saregama to acquire a majority stake in Pocket Aces for $20m.

Saregama, a music label company, agreed to acquire a majority stake in Pocket Aces, a digital entertainment company for $20m. “While we have always been leaders in the realm of music and media, this partnership with Pocket Aces will add new dimensions to our business as we tap into the burgeoning young digital audiences,” Avarna Jain, Saregama Vice-Chairperson.