Japan's Sony in talks to buy stake in India's Network18 Media - Bloomberg

Credit: REUTERS/ANINDITO MUKHERJEE

Japan's Sony Corp is in talks to acquire a stake in Indian billionaire Mukesh Ambani's TV business, Network18 Media & Investments Ltd, Bloomberg reported on Thursday.

Nov 21 (Reuters) - Japan's Sony Corp 6758.T is in talks to acquire a stake in Indian billionaire Mukesh Ambani's TV business, Network18 Media & Investments Ltd NEFI.NS, Bloomberg reported on Thursday.

Sony is doing the due diligence and considering several potential deal options, Bloomberg reported, citing people familiar with the matter.

Ambani's Reliance Industries RELI.NS and Sony did not immediately respond to Reuters' requests for comment.

(Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Subhranshu Sahu)

((Sabahatjahan.Contractor@thomsonreuters.com; within U.S. +1 646 223 8780;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More