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Sony in talks to buy stake in Mukesh Ambani's Network18 TV media group

Baiju Kalesh, Anto Antony and P R Sanjai | Bloomberg

The Tokyo-based company is currently conducting due diligence on Ambani's Network18 Media & Investments Ltd. before any possible offer, the people said

Topics
Sony Corp | Network18 Group | Mukesh Ambani

Sony Corp. is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter.

The Tokyo-based company is currently conducting due diligence on Ambani’s Network18 Media & Investments Ltd. before any possible offer, the people said, asking not to be named as the information is not public. Sony is considering several potential deal structures, including a bid for the company or a merger of its own Indian ...

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First Published: Thu, November 21 2019. 11:36 IST