Breaking MEIL signs definitive agreement to buy TV9 News Channel for Rs 4.5 billion

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In d very past, I heard a news that Zee Media will buy all TV9 channels.
What is happened for Zee's exit?
 
DreamFan said:
But why?
Zee is planning to launch 4 south indian language news channel. It is better way to buy any existing popular news channel rather than launching a new channel.
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International investment funds, local investors set to buy majority stake in TV9 - TelevisionPost: Latest News, India’s Television, Cable, DTH, TRAI
MUMBAI: The Associated Broadcasting Company Pvt Ltd (ABCPL) CEO Ravi Prakash is preparing to take over the regional news broadcasting company in partnership with two in international investment funds and local investors
BCPL is relatively a medium-scale player in the television and broadcasting industry as compared to other large players in the industry with six channels TV9 AP, Jai Telangana, TV9 Kannada, TV9 Gujarati, TV9 Marathi, and News9 across 5 states. The company also has plans to enter the Tamil market.
 

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