Investment by Dream11 in Cricbuzz and Willow TV under scrutiny, with Anagram Partners and Trilegal involvement
In a significant development, Trilegal, a renowned law firm, has been announced as the advisor to Times Internet Limited, the owner of Cricbuzz and Willow TV, in a recent investment transaction. The transaction sees Dream11, a subsidiary of Dream Sports, acquiring a minority stake in the companies that hold CricBuzz and Willow businesses.
The Trilegal Competition Team, led by Partner Rudresh Singh, provided counsel in this matter. The team was supported by Counsel Divye Sharma and Associate Rishitosh Akshaya. Meanwhile, the Intellectual Property aspect was handled by Partner Kirti Balasubramanian, with Rimjhim Mishra offering support. The Labour and Employment aspect was overseen by Apeksha Mattoo and Rina Goyal, while the Technology, Media, and Telecommunications Team was led by Partner Jyotsna Jayaram, with Senior Associate Prabal De and Associate Karthik Rai providing support.
Nikhil Sachdeva, another Partner at Trilegal, led the Corporate Team in this transaction. Mayank Malhotra, Sindhujaa Nayak, and Sidharth Pattnaik also offered their expertise in this matter.
Dream Sports, the parent company of Dream11, has invested $50 million in Cricbuzz and Willow TV. The investment was made through a combination of primary and secondary equity in the target entities. However, the advisor for Dream Sports in this transaction is reported to be Anagram Partners, and not Trilegal, as per the available information.
Cricbuzz, one of the leading cricket scoring and content platforms in India with over 185 million monthly users, and Willow, one of the leading broadcasting and live streaming platforms for cricket in the United States, Middle East, and Southeast Asia, are set to benefit significantly from this investment.
It is worth noting that a key relevant transaction involving Dream Games and CVC Capital Partners saw CVC acquiring a majority stake (around $5bn) in Dream Games in mid-2025. However, the advisory firm for this transaction has not been named in the provided information.
This news underscores Trilegal's expertise in handling complex transactions across various sectors, further solidifying its position as a leading law firm in the country. For those interested in publishing Deals, Columns, Press Releases on Bar & Bench, a form is available on their website.
The Technology, Media, and Telecommunications Team at Trilegal, led by Partner Jyotsna Jayaram, provided support in the recent transaction involving Dream11, Dream Sports' subsidiary, and CricBuzz and Willow TV. This highlights Trilegal's comprehensive expertise in managing diverse sector transactions, reinforcing its standing as a leading law firm in the country.
