Thursday, November 28, 2019

Sony, RIL's TV18 may form joint venture for entertainment business

Sony will own a majority 51% stake in the proposed JV, while TV18 will own the remaining 49%. As part of the deal, the two companies will transfer 100% of SPN, 51% of TV18’s share in Viacom18 and 100% of Jio Studios business to the new entity, one of the sources said. https://ift.tt/2ON2sJu https://ift.tt/eA8V8J
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