DQ Entertainment Looks To US, UK For Acqusitions Animation company DQ Entertainment is eying acquisitions in the UK and US, but may take till next year the next financial year to close a deal. The company might raise funds to finance these acquisitions. [Business Line] BCCI Doesn't Allow Kings XI Punjab Sale To PE Firm A proposal to sell 93% stake in IPL Cricket team Kings XI Punjab to a private equity firm has been disallowed by the the Board of Control for Cricket in India (BCCI), saying that the sale cannot take place until investigations against suspended IPL Chairman Lalit Modi have been completed. The stake is apparently valued at $250 million. The team had been bought in 2008 for $76 million. [Economic Times] Nautanki.Tv COO Jeroo Sam Patel Resigns Jeroo Sam Patel, COO of Hungama owned video distribution network Nautanki.tv has put in her papers, according to an email she sent out recently. Patel confirmed her departure to MediaNama saying that she hasn't yet finalized her next move. Hungama Digital Media is believed to own a majority stake in Nautanki.tv. Nautanki.tv founder and CEO Sunil Nair left last December, and has launched a mobile startup multiscreen video content delivery platform Videscreen UTV Ignition Hires Justin Keeling Global Strategy & Product Head UTV Ignition Entertainment has appointed former Fox Interactive Media executive, Justin Keeling, as its global strategy and product head. Keeling has over 15 years of experience in the media and video games industry to us. Keeling joins from IGN,…
