{"id":843463,"date":"2024-08-12T10:25:12","date_gmt":"2024-08-12T04:55:12","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=843463"},"modified":"2024-08-12T11:03:46","modified_gmt":"2024-08-12T05:33:46","slug":"radio-mirchis-parent-acquires-gaana-for-rs-25-lakh","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/12\/radio-mirchis-parent-acquires-gaana-for-rs-25-lakh\/","title":{"rendered":"Radio Mirchi\u2019s parent acquires Gaana for Rs 25 lakh"},"content":{"rendered":"<p>After unsuccessful merger and acquisition talks with Airtel Wynk, Gaana, an on-demand music streaming platform backed by Times Internet and Tencent was consolidated with Times Group\u2019s listed subsidiary Entertainment Network India Limited (ENIL) in December 2023, as reported by Entrackr, a media platform for entrepreneurs, startups and technology enthusiasts.  <\/p>\n<p>Reportedly, Gaana was acquired for Rs 25 lakh, as per ENIL\u2019s filings with the National Stock Exchange (NSE). ENIL is promoted by Bennett Coleman and operates FM radio brand \u2018Radio Mirchi\u2019.  As per Entrackr\u2019s data, Gaana raised over $ 200 million in its lifetime, the platform was valued at around $580 million. Its consolidation with ENIL seems to indicate the firm\u2019s hopelessness of a third-party acquisition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After unsuccessful merger and acquisition talks with Airtel Wynk, Gaana, an on-demand music streaming platform backed by Times Internet and Tencent was consolidated with Times Group\u2019s listed subsidiary Entertainment Network India Limited (ENIL) in December 2023, as reported by Entrackr, a media platform for entrepreneurs, startups and technology enthusiasts. Reportedly, Gaana was acquired for Rs 25 lakh, as per ENIL\u2019s filings with the National Stock Exchange (NSE). ENIL is promoted by Bennett Coleman and operates FM radio brand \u2018Radio Mirchi\u2019. As per Entrackr\u2019s data, Gaana raised over $ 200 million in its lifetime, the platform was valued at around $580 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,4,12],"tags":[],"class_list":["post-843463","post","type-post","status-publish","format-standard","hentry","category-broadcasting-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=843463"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843463\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=843463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=843463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=843463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}