Dream11 Deal Moves Forward as TIGA Investments Gets CCI Nod for Stake Acquisition

The agreement between TIGA Investments and Dream11 was approved by CCI through the green channel process

The Competition Commission of India (CCI) has given the green light to the Singapore-based TIGA Investments' proposal as it acquired a stake in Dream11's parent company Dream Sports Inc.

The goal of TIGA Investments is to make long-term investments in differentiated businesses with strong management teams.

CCI Approved it under the Green Channel Process

This agreement was approved by CCI through the green channel process. Under the green channel route, a transaction that does not pose a significant threat to competition is considered approved once it is notified to the fair-trade regulator.

The US-based Dream Sports carries out its activities through its Indian subsidiary, Sporta Technologies Pvt Ltd. DSI, a company specializing in sports technology, holds a portfolio of top-tier brands such as Dream11 and FanCode.

Sports mainly focuses on offering online gaming and related digital services in India.

CCI said, "The parties and their respective group entities and affiliates do not have any horizontal overlaps, existing or potential vertical linkages and existing or potential complementary business activities in India.”

Adding to it CCI said," The proposed transaction is unlikely to cause any appreciable adverse effect on competition in India.”

TIGA also Sponsors TIGA Acquisition Corp

Moreover, TIGA is also the sponsor of TIGA Acquisition Corp, an NYSE-listed special purpose acquisition company. It offers investments in both debt and equity throughout the Asia Pacific region.