ZEE sells Ten Sports to Sony Pictures for $385 million
Sony Pictures Networks India (SPN) and Zee Entertainment Enterprises (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 deal also include TEN Cricket and TEN Sports that operate in several countries including the Indian sub-continent, Maldives, Singapore, Hong Kong, Middle East, Caribbean. TEN Sports holds broadcast rights to major cricket boards (South Africa, Pakistan, Sri Lanka,…
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