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India purchased Sony ten 1
Sony paid $366.3 million overall and also the latest payment obligation concludes the group action. the ultimate quantity paid is additionally $18.7 million but initial declared. The distinction is because of a building in the urban center, chartered by Taj TV, is not any longer a part of the deal.
SPNI had already added ten 1, Ten 2, Ten 3, 10 one HD and 10 Golf HD to its line-up, and in July, SPNI re-branded these channels as Sony 10 one, Sony Ten 2, Sony Ten 3, Sony 10 one HD and Sony 10 Golf HD. Sony has conjointly launched HD versions of several channels.
Zee completes 1st phase of the sale of TEN sports to Sony Pictures
New Delhi, Feb twenty-eight () zee entertainment Enterprise (ZEEL) these days aforementioned it’s completed the primary section of a 2 -phase sale of its sports business, Ten Sports Network, to Sony pictures and received USD 330 million (about Rs 2,200 crore).
“The 1st section of dealings lay to rest alia comprising the sale of entire equity stake of the corporate in Taj-India and transfer of major a part of the ‘Sports Broadcasting Business’ of Taj- Mauritius stands all over these days upon receipt of USD 330 million,” ZEEL aforementioned during a mad cow disease filing.
It more said: “The second section of dealings is anticipated to be all over inside the next few months.”
In August last year, ZEEL had proclaimed it’ll sell its sports channel 10 Sports to Sony footage Networks for a USD 385-million (about Rs a pair of,579 crores) money deal.
Following the completion of this section of the acquisition, SPN’s cluster of 9 sports channels can embody Sony SIX and Sony SIX HD, Sony ESPN and Sony ESPN HD, TEN 1, TEN 1 HD, TEN 2, TEN 3, and 10 Golf HD.
“Certain different operations and assets will be enclosed within the final section of the acquisition, subject to bound closing conditions, that is anticipated to be completed within the next few months,” Zee said.
Zee’s Sports Broadcasting Business accounted for Rs 631 large integer revenue within the company’s merged revenue and internet loss of Rs thirty-seven.20 large integer for the business twenty15-16.
ZEEL had bought 10 Sports from Dubai-based Abdul Rahman Bukhatir’s Taj cluster in 2006. SVK BAL