Sony Pictures close to acquiring Ten Sports for Rs 2,000 crore - The Economic Times
Unless NEO sells itself, it may vanish from Sports broadcasting.
Sony ESPN looking to give strong competition to Star Sports.Multiple sources with direct knowledge of the development confirmed that SPN is close to acquire Ten Sports for about Rs 2,000 crore, a deal that will make sports broadcasting in India a duopoly of 21st Century Fox-owned Star India and Japanese giant Sony Corp-owned SPN.
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The deal is almost done and should be officially announced within the next 3 weeks," he said. When contacted, a SPN spokesperson said, "As a matter of policy, we choose not to comment on speculation." Mihir Modi, chief finance & strategy officer at ZEE, declined to comment.
Unless NEO sells itself, it may vanish from Sports broadcasting.