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KKR Buys Minority Stake in BookMyShow as India’s Live Entertainment Market Grows
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KKR Buys Minority Stake in BookMyShow as India’s Live Entertainment Market Grows
The money is moving into India’s entertainment business in a way that goes well beyond movie tickets. Global investment firm KKR has agreed to acquire a minority stake in BookMyShow, backing the company at a time when concerts, sporting events and other live experiences are becoming a bigger part of Indian consumers’ discretionary spending. The companies announced the transaction on August 19, but did not disclose its financial terms. A source c…
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