Bidding War
David Blitzer enters bidding war for IPL franchises RCB and Rajasthan Royals
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US billionaire David Blitzer has joined the race to acquire a majority stake in Indian Premier League teams Royal Challengers Bengaluru or Rajasthan Royals, valuing RCB at $1.8 billion. The move intensifies competition from figures like Manchester United co-owner Avram Glazer and Indian tycoons such as Adar Poonawalla. Final bids are due by mid-March ahead of the 2026 IPL season.
A sex comedy starring Olivia Wilde has generated significant buzz at the Sundance Film Festival. The film, titled 'The Invite,' premiered to a standing ovation over the weekend. It has now ignited a competitive bidding war among distributors.
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Warner Bros. Discovery's board is set to reject Paramount Skydance's amended hostile takeover bid following a meeting next week, sources say. The decision prioritizes WBD's merger with Netflix amid delays, costs, regulatory hurdles, and investor skepticism despite sweeteners like Larry Ellison's guarantee.