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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
One of India’s biggest music labels just bought digital media company Pocket Aces in a big transaction. What is it up to?
It has taken a while for Saregama and Pocket Aces to come together. The two firms—the over-120-year-old music label and the decade-old digital media company, respectively—had been talking about a possible acquisition for more than six months. Discussions took time, as did paperwork. But in all this time, one thing has been clear: The companies fit together like pieces of a puzzle.
In a stock exchange filing late last week, Saregama said it has acquired a little over 51% of Pocket Aces and plans to buy another 41% in the next 15 months. From the filing:
“A new chapter in …
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