Billionaire Kumar Birla, Blackstone To Buy Royal Challengers For $1.8 Billion Amid Bidding Frenzy For Indian Cricket Teams [Yahoo! Finance]
Diageo plc (DEO)
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Source: Yahoo! Finance
Gayle, in red turban, and AB de Villiers after their win in the Indian Premier League final cricket match against Punjab Kings at Narendra Modi Stadium in Ahmedabad, India, Wednesday, June 4, 2025. (AP Photo/Ajit Solanki) Copyright 2025 The Associated Press. All rights reserved. Billionaire Kumar Mangalam Birla and U.S. private equity giant Blackstone teamed up with other investors to buy the Royal Challengers Bengaluru (RCB) amid a bidding frenzy for Indian Premier League's cricket teams. The consortium led by Birla's flagship Aditya Birla Group is buying Royal Challengers from United Spirits, the Indian unit of London-based liquor giant Diageo, for 167 billion rupees ($1.8 billion) in cash. Besides Blackstone, the investors also include The Times of India Group, and David Blitzer's Bolt Ventures, according to a statement released by United Spirits on Tuesday. “Over the past two decades, the IPL has morphed to become a global sporting powerhouse that has changed the face of I
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- Diageo Exits RCB IPL Team As Investors Weigh Depressed Share Price [Yahoo! Finance]Yahoo! Finance
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- David Blitzer and Blackstone-backed group snaps up Indian cricket franchise for $1.8 billion [CNBC]CNBC
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