Facebook, Twitter weigh bids for media rights to India cricket league
3D-printed Facebook and Twitter logos are seen in this picture illustration made in Zenica, Bosnia and Herzegovina on January 26, 2016. REUTERS/Dado Ruvic
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
(Reuters) - The Indian cricket board said it had received interest from Facebook Inc and Twitter Inc for media rights to the popular Indian Premier League (IPL) Twenty20 cricket tournament.
The social media companies are among a host of other firms including Star India Pvt Ltd, Amazon.com Inc, Reliance Jio and ESPN Digital Media that have shown interest in acquiring media rights for the annual tournament.
The bids for the rights - for 2018 onwards - are expected by Oct. 25.
Cricket is the most popular sport in India and teams in the IPL count Bollywood stars and major conglomerates such as Reliance Industries as investors.
(Reporting By Nayyar Rasheed and Narottam Medhora in Bengaluru)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Facebook (FB) Q4 Estimates, PT Raised At Jefferies
- Toyota Motor to add 400 jobs at Indiana assembly plant
- Expect Facebook (FB) To Show Strong Q4 Report, Monitor For Guidance On Expenses - Goldman Sachs
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!