Zee Media Corporation is in advanced discussions to acquire Business Broadcast News, an Anil Ambani-owned company that operates English business news channel BTVi , several people with direct knowledge of the matter said.
A deal is imminent and the matter will come up for approval before Zee Media's board at its meeting scheduled for next week, they said, speaking on the condition of anonymity.
Zee Media could pay between Rs 80 crore and Rs 100 crore for the company, one of them said. "ZMCL (Zee Media) is interested in buying BTVi as it will add an English business channel to its portfolio and complement Zee Business (a Hindi channel)."
Zee Media operates the TV news channels of Subhash Chandra's
Essel Group and its newspaper, DNA.
Zee Media Corporation in advanced talks to buy BTVi
A deal is imminent and the matter will come up for approval before Zee Media's board at its meeting scheduled for next week, they said, speaking on the condition of anonymity.
Zee Media could pay between Rs 80 crore and Rs 100 crore for the company, one of them said. "ZMCL (Zee Media) is interested in buying BTVi as it will add an English business channel to its portfolio and complement Zee Business (a Hindi channel)."
Zee Media operates the TV news channels of Subhash Chandra's
Essel Group and its newspaper, DNA.
Zee Media Corporation in advanced talks to buy BTVi
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