Sony is in talks to buy a stake in Zee Entertainment, including potentially a controlling stake, according to India’s CNBC-TV18.

The Japanese conglomerate already has a strong broadcast presence in India and has been looking to expand in the country.

The move comes after Sony gave up on a bid for 21^st Century Fox.

Zee has a TV presence across 117 countries. Comcast, Tencent and Amazon are also also touted as being interested in acquiring a stake.

Other posts by :

1. Crossroads backs AST SpaceMobile
2. FCC examines SpaceX’s 15,000 sat-constellation plan
3. EchoStar: “Severe uncertainty” led to spectrum sales
4. Netflix gets downgrade on Warner Bros move
5. UK trims Orbex investment
6. Euro-bank sets up €500m space fund
7. Revenue jump forecast for Eutelsat
8. Moody’s upgrades Eutelsat’s debt rating
9. Rivada Space Networks wins spectrum dispute

Categories: Articles, Business, M&A