Zee management in talks with investors: Sources

Comcast and Sony making bids to acquire promoter stake

by exchange4media Staff
Published - Feb 15, 2019 10:51 AM Updated: Feb 15, 2019 10:51 AM
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Zee’s top management has been in talks with investors for a stake sale, media reports have said.

Comcast and Sony are reportedly vying to acquire a promoter stake and their bids are likely to be nearly Rs 540-560 per share.

Promoters of Zee may also enter into an exclusive binding agreement this week, reports said.

In an interview to a leading business newspaper last week, ZEE CEO Punit Goenka reportedly said that US companies were at the “forefront” for the stake sale.  Sony Pictures and Comcast were the two names doing the rounds even then.
 

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