Private equity giant KKR & Co, along with the family office of former Goldman Sachs partner Stephen Hendel, has bought Kobalt Capital's music rights portfolio in a $1.1 billion deal, the companies said on Tuesday. (Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan.
India's Zee on Tuesday said top shareholder Invesco's opposition to a proposed merger of the TV network with Sony's India unit is hypocritical because the U.S. investment firm pitched a deal with similar terms earlier this year.
Casino operator Genting Malaysia Bhd is injecting another $150 million cash into its indebted U.S.-based unit Empire Resorts Inc, it said on Tuesday, as it seeks to help it recover from the impact of the pandemic.
India's Zee said on Tuesday a push by U.S. investor Invesco for a management shakeup at the Indian media firm before its planned merger with Japan's Sony Group was not related to any legal governance or business performance issues.