Mukesh Ambani mulling sale of media assets to Times Group: Reports

Meanwhile, BCCL is considering to get advisors to do a due diligence of the properties, say reports

e4m by exchange4media Staff
Updated: Nov 28, 2019 1:19 PM

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Mukesh Ambani

Media agencies have reported that Mukesh Ambani is amidst talks to sell his news media assets to the Times Group and BCCL is considering to get advisors to do a due diligence of the properties.

Sources have told exchange4media that the Times Group has expressed interest in CNBC, but Ambani wants to sell its media assets as a whole.

Media reports have quoted people in the know as saying that the talks are in its early stages.

We had recently reported how Sony Corp. has entered into talks to buy a stake in Network18 Media Investments Ltd.

The process of due diligence is on even in this deal and the talks are said to be in the initial stages even in this case.

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