iWorld
CricHeroes surpasses 15 million users, launches Shots for cricketers
Mumbai: CricHeroes, an international cricket scoring platform, has announced that it has surpassed the 15 million registered user mark. The cricket network also announced the launch of Shots, an app for cricket short videos from the matches live streamed on CricHeroes.
CricHeroes founder Abhishek Desai said, “We are extremely happy to achieve this milestone. Every day we are bridging the gap between grassroots cricket and international cricket with the help of technology. The consistent increase in our user base shows how CricHeroes is a useful and user-friendly platform for one and all who love the game of cricket. Such milestones certainly encourage us to come up with even more innovations and help spread the popularity of the game further. Shots is another step in that direction.”
Shots will showcase curated moments from the matches live streamed on CricHeroes. All the videos are 10-20 seconds long, just like the very popular Instagram Reels. Cricketers will be able to submit their own “shots” very soon to make the game even more engaging.
CricHeroes is the scoring home for many domestic cricket leagues in India and abroad. With several domestic and international associations as official partners around the cricketing world, CricHeroes helps streamline the scoring process, which can be accessed live and also at the same time by the players, coaches, and officials.
The triumphs and achievements of our domestic cricketers have a permanent record because of CricHeroes. Recently, they have come onboard as the official scoring platform for the Tamil Nadu Premier League (TNPL) and Andhra Premier League (APL).
More than three million matches have been scored using CricHeroes. More than 200 cricket associations are using CricHeroes as their official scoring platform. Major BCCI affiliated state associations such as Cricket Association of Bengal, Baroda Cricket Association, Tamil Nadu Cricket Association, and others, as well as ICC members such as Sri Lanka, Afghanistan, Bangladesh, Canada, and others, use CricHeroes officially for their leagues.
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Bill Ackman’s Pershing Square makes $64 billion bid to acquire Universal Music Group
Ackman pitches NYSE relisting plan as UMG board weighs unsolicited offer
The hedge fund has proposed a business combination that values UMG at €30.40 per share, representing a hefty 78 per cent premium to its current trading price. The offer includes €9.4 billion in cash alongside stock in a newly formed entity, with shareholders set to receive €5.05 per share in cash and 0.77 shares in the new company for each UMG share they hold.
Under the proposal, UMG would merge with Pershing Square SPARC Holdings Ltd and re-emerge as a Nevada-based entity listed on the New York Stock Exchange. The move is designed to boost investor visibility and potentially secure inclusion in major indices such as the S&P 500.
Pershing Square Capital Management ceo Bill Ackman argued that while UMG’s operational performance remains strong, its market valuation has lagged due to external factors. “UMG’s stock price has languished due to a combination of issues that are unrelated to the performance of its music business,” Ackman said, pointing to concerns ranging from shareholder overhang to delayed US listing plans.
Ackman also flagged what he sees as untapped potential in UMG’s balance sheet and a lack of clear capital allocation strategy. He added that the market has not fully recognised the value of UMG’s €2.7 billion stake in Spotify, alongside gaps in investor communication.
The proposed transaction would also result in the cancellation of around 17 per cent of UMG’s outstanding shares, while maintaining its investment-grade balance sheet. Pershing Square has said it will fully backstop the equity financing, with debt commitments secured at signing. The deal is targeted for completion by the end of the year.
UMG, however, has struck a measured tone. The company confirmed that its board has received the non-binding proposal and will review it with advisers. It reiterated confidence in its current strategy and leadership under Lucian Grainge, signalling no immediate shift in stance.
The proposal comes at a time when global music companies are navigating evolving investor expectations, streaming economics and capital allocation pressures. For Pershing Square, the bet is clear: sharpen the financial story, relist in the US, and let the music play louder in the markets.
Whether UMG’s board is ready to change the tune remains to be seen, but the spotlight on its valuation just got a lot brighter.
