Discussion Zee Entertainment promoters plan to sell up to 50% holding worth Rs 87.5 bn

[DreamFan]

Zee Entertainment Enterprises said on Tuesday its promoters led by Subhash Chandra plan to sell up to 50 per cent of their equity stake in the company to a strategic partner.

Chandra and family along with its advisors met in Mumbai over the Diwali weekend to undertake a strategic review of its businesses in view of the changing global media landscape, Essel said in a statement.

The proposed transaction to divest up to 50 per cent of Essel's holding to such a partner is expected to address the Essel Group's capital allocation priorities, it added.
Zee Entertainment promoters plan to sell up to 50% holding worth Rs 87.5 bn

 

[Raju lal]

If so most probably any non Indian media companies may come forward.

 

[techmania]

May be jio.
More m&a will happen. Some channels will close maybe.

 

[Raju lal]

May be jio.
More m&a will happen. Some channels will close maybe.

Jio-Reliance tv 18 already has 52% stake in Viacom 18 (colors). So no chance. Zee also looking for such a partnership for attaining more money backup.If comcast comes then competition reaches peak.

 

[Karthik2995]

Comcast NBC and Time Warner(AT&T) have right opportunity to gain stakes in Indian market.
If Disney-Fox deal was not up, Disney would be in the competition.

 

[DreamFan]

I can't understand what will be it's effect on Zee channels!!!!

 

[DreamFan]

Zee Has Received Interest From Tech Firms For Promoter Stake, Says CEO Punit Goenka

 

[Raju lal]

Comcast NBC and Time Warner(AT&T) have right opportunity to gain stakes in Indian market.
If Disney-Fox deal was not up, Disney would be in the competition.

Disney fox deal is almost sure.Disney is going to get the complete Star India. So that way is not possible. Comcast and AT&T has a good chance to take over one of the biggest player in India and this would help Zee to compete with Star India more wider(bringing international contents, movies, streaming, sports etc). Don't know whether any Indian company comes forward.

 

[iphifi]

Zee Has Received Interest From Tech Firms For Promoter Stake, Says CEO Punit Goenka

They are largely technology companies. They have some content but not enough for Indian diaspora per se.

So Zee wants to sell stakes to an international tech firm so that they can stream Indian tv shows in other countries? I don't see this being a strong enough force for the Zee promoters to offload shares. However U.S. tech firms have enough money to do that even if it's slightly profitable.

 

[vinit]

Zee is going to sell their 50% stake




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