Zee management in talks with investors: Sources

Comcast and Sony making bids to acquire promoter stake

ZEELlogo

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.
 

For more updates, subscribe to exchange4media's WhatsApp Channel- https://bit.ly/2QUdLCK
Tags Zee

Stay updated with the latest news in the Marketing & Advertising sector with our daily newsletter

By clicking Sign Up, I agree to the Terms of Use and Privacy Policy.

Advertisment

Advertisment

Advertisment