News

TIGA Investments Receives CCI Approval to Acquire Stake in Dream11.

Economy Business | Dated: 06 Oct 2024

The Competition Commission of India (CCI) has approved Singapore-based TIGA Investments' plan to acquire a stake in Dream Sports Inc., the parent company of Dream11.

🎯 Key Highlights:

- The deal is reportedly valued at over USD 150 million.
- Dream Sports operates Dream11 through its subsidiary Sporta Technologies in India’s online gaming sector.
- The deal follows Tencent Holdings' decision to divest its entire stake in Dream Sports due to regulatory pressures on Chinese investments in India.

💡 Other Important Facts:

The transaction involves Tiga Acquisition Corp III (Tiga) purchasing specific preferred shares of Dream Sports Inc (DSI) and associated rights from an existing DSI shareholder, as stated by the regulator in a notice on September 23.

📚 Test Your Knowledge:

Recently, which investment firm received approval from the Competition Commission of India (CCI) to acquire a stake in Dream11?

Correct Answer: TIGA Investments

🚀 Quick Recap:

About CCI,

Chairperson : Ravneet Kaur
Headquarters: New Delhi