$250 million VideoVerse deal falls apart amid fraud claims and forged documents

In September 2025 Minute Media disclosed a $250 million purchase of VideoVerse, an Indian company that supplies AI-powered clipping software to sports leagues and broadcasters. By May the acquirer announced it was ending the agreement, citing major inconsistencies in the target’s disclosures. A cascade of court actions now accuses founder Vinayak Shrivastav of fraud, including the use of forged merger documents and counterfeit signatures on loan and share-repurchase contracts.

Creditors such as Bluestone Capital and Lingotto claim they are owed $64 million and $55 million respectively, and allege that critical paperwork was fabricated. The company’s former COO, Sabya Das, also alleges a complex scheme involving secondary sales and a high-interest loan. All parties are pursuing restitution in Delaware Chancery Court, while Shrivastav has not responded to inquiries and is listed at an address on Dubai’s Palm Jumeirah.