Sony Pictures Networks India (SPN) and ZEE have entered into definitive agreements to acquire TEN Sports Network and its subsidiaries for $385 million. The acquisition will add five sports channels, TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD to SPN’s existing portfolio of channels. The acquisition not only makes SPN’s bouquet the largest in the country, but also gives the network presence in the Indian sub-continent, Maldives, Singapore, Hong Kong, Middle East, Caribbean.
Sony Pictures Networks India Pvt. Ltd. is an Indian company (previously known as SET India Pvt. Ltd and then Multi Screen Media Pvt. Ltd.) which handles Sony Pictures’ diversified interests in India. Initially, the corporation was formed only to run its television broadcasting business but since then has expanded with the time to overlook the other businesses of its parent which were established as separate units earlier.
So let’s do:
1. Sony Pictures Networks India (SPN) and ____ have entered into definitive agreements to acquire TEN Sports Network and its subsidiaries for $385 million.
Source – The Hindu