Cerius Shah
Sep 2, 2008 1:30 PM
Nimbus Communications is expecting $140 million for a 26% stake sell, valuing the diversified media firm at a very respectable $550 million. ET quotes Vice-President, Prasana Krishnan, stating that if they choose a strategic investor, they expect to complete the process by March 2009. Stake will be offloaded through a…
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Media & Publishing, TV, Money, Companies, Nimbus
Cerius Shah
May 27, 2008 2:03 PM
Nimbus Communications has officially launched its home video entertainment rental and sale business called Showtime. The stores, which distribute DVD, VCDs and Game CDs, are currently only Bombay centric with 8 distribution centres. The release states an investment plan of over Rs 1.5 billion in the next 3 years with…
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Entertainment, Movies, Social Media, Video, Companies, ADAG, Reliance Entertainment, BigFlicks, Moser Baer, Nimbus
Robert Andrews
Mar 19, 2008 8:15 AM
In a rather surprise move, Joost has won the rights to show on-demand highlights of English Premier League matches across the Indian subcontinent. It appears rights were given by Nimbus Sport, a sports rights agency which won the mobile and internet rights to matches in parts of Asia, Middle East,…
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Media & Publishing, TV, IPTV, Companies, Nimbus
Nikhil Pahwa
Feb 6, 2008 11:01 PM
Nimbus Communications plans to dilute equity to raise around $100 million to fund its growth plans: the company had recently appointed Digvijay Singh as CEO. The ET report mentions, quoting sources, that Nimbus is in talks with a Singapore based media company, Ashmore, Providence Fund and JM Financial’s private equity…
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Entertainment, Sports, Media & Publishing, TV, Money, M&A & Venture Capital, Venture Capital, Companies, Nimbus
Nikhil Pahwa
Nov 6, 2007 5:53 AM
Investors in Nimbus Communications, including private equity players like 3i and some of its promoters are planning to exit the company, reports Economic Times. Nimbus Chairman Harish Thawani has told ET that he isn’t aware of any move to exit. The report claims the Nimbus board will be considering proposals…
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Entertainment, Sports, Media & Publishing, TV, Companies, Nimbus
Nikhil Pahwa
Aug 12, 2007 11:34 PM
Nimbus Sports, an Indian sports broadcaster, has been awarded internet and mobile rights for the English Premier League (EPL) for over 80 countries till 2010. The deal covers 1140 EPL matches. As per Digvijay Singh, CEO of Nimbus Sport, this is the first time that the EPL has sold Internet…
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Entertainment, Sports, Mobile, Technologies / Formats, Broadband, Companies, Nimbus
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