Dream Sports, the parent company of fantasy sports major Dream11, has invested $50 million in Times Internet's cricket destination platform Cricbuzz and North American cricket broadcaster Willow TV for a minority stake.
The Transaction involves an equity investment by Dream11 through a combination of primary and secondary in the target entities, which hold the CricBuzz and Willow businesses.
Anagram Partners is acting for Dream Sports on this transaction.
Trilegal is advising Times Internet Limited, the owner of Cricbuzz and Willow TV, on this transaction.
The Trilegal Corporate Team advising on the matter was led by Partner: Nikhil Sachdeva; and supported by Counsel: Mayank Malhotra; Senior Associate: Sindhujaa Nayak; and Associate: Sidharth Pattnaik.
The Trilegal Intellectual Property Team advising on the matter was led by Partner: Kirti Balasubramanian; and supported by Associate: Rimjhim Mishra.
The Trilegal Labour and Employment Team advising on the matter was led by Partner: Apeksha Mattoo; and supported by Counsel: Rina Goyal.
The Trilegal Technology, Media and Telecommunications Team advising on the matter was led by Partner: Jyotsna Jayaram; and supported by Senior Associate: Prabal De; and Associate: Karthik Rai.
The Trilegal Competition Team advising on the matter was led by Partner: Rudresh Singh; and supported by Counsel: Divye Sharma; and Associate: Rishitosh Akshaya.
Cricbuzz is one of the leading cricket scoring and content platforms in India with over 185 million monthly users.
Willow is one of the leading broadcasting and live streaming platforms for cricket in the United States, Middle East and Southeast Asia.
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