Announced
Financials
Sources
Tags
Acquisition
Majority
Pending
Friendly
Single Bidder
India
digital entertainment
Entertainment
Private
Domestic
Synopsis
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.
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