Sony to acquire Ten Sports for $385m

Ten Sports is a sports network owned by Indian media group Zee Entertainment Enterprises.

It is the leading sports channel in Asia and has viewership in more than 169 countries.

The company was launched in April 2002 as Taj Television in UAE and was acquired by Zee in 2006.

Ten Sports has various channels telecasting of cricket, tennis, golf, football and many more.

Sony Pictures Networks India (SPN) is an Indian company which handles the business of Japanese giant Sony Pictures in India.

Sony has about 100 SD and HD channels in entertainment, movies and sports.

Sony Entertainment Television, SAB TV, SonyMix, SonySix are few of the main channels of the network.

Indian businessman N. P. Singh is the Chief Executive Officer of SPN since 3 January2014.

The owner of Zee Entertainment Enterprises Subhash Chandra is all set to sell Ten Sports to Sony Pictures Network in a deal which will be announced in the next three to four weeks.

Sources have confirmed that the deal is underway and the headquarters of Sony in Japan has also given a go ahead for the deal that will be worth Rs.2000 crore.

Sony Pictures Networks India have agreed to acquire Ten Sports network from Zee for almost $385 million.

The channels that would be acquired include Ten 1, Ten 1 HD, Ten 2, Ten 3, Ten Golf HD, Ten Cricket and Ten Sports.

The acquisition will open sports broadcast markets across the Indian sub-continent, Maldives, Singapore, Hong Kong, West Asia and the Caribbean for Sony.