Indian music label giant Saregama acquires Pocket Aces

Saregama has acquired a 51.82% stake in the digital entertainment startup Pocket Aces as the oldest Indian music label makes deeper push into videos. Saregama is paying about $20 million for the 51.82% stake in Pocket Aces and plans to invest an additional $1.8 million into the startup, the Kolkata-headquartered firm disclosed in a stock […]