Games24x7 eyes US expansion with casual games
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Games24x7, an online gaming startup that operates RummyCircle, is also looking to aggressively expand its fantasy sports offering My11Circle in India, co-founder Bhavin Pandya says.
ETtech
Bhavin Pandya, co-founder of Games24x7 that operates RummyCircle and My11Circle.
Mumbai: Indian online gaming startup Games24x7 is set to expand into the hyper-competitive casual gaming space in the US in the next couple of months, its co-founder has said.
The company, whose portfolio includes real-money as well as casual games, has close to 70 million users, including 17 million on My11Circle its two-year-old fantasy sports platform. It claims leadership in the online rummy space (RummyCircle).
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Univision, Televisa agree $4.8bn merger
US Hispanic broadcaster Univision has bought the content and media assets of Mexican media company Televisa in a US$4.8bn deal through which the companies will merge to form Televisa-Univision.
Wade Davis
The deal comprises a transaction of US$3bn in cash, US$1.5bn in Univision equity and US$300m from other sources.
Televisa will be the largest shareholder in the new company, with a 45% stake. The deal is expected to be finalised later this year, although both parties have already signed it off.
Univision CEO Wade Davis will head the new company, with Televisa co-CEO Alfonso de Angoitia becoming executive chairman on the new board of directors.