Japan's Sony Corp is in talks to acquire a stake in billionaire RIL Chairman Mukesh Ambani's TV business Network18 Media & Investments, Bloomberg reported. Sony is reportedly considering several potential deal structures, including a bid for the company or a merger of its own Indian business. Network18 Media's shares rose up to around 19% on the report of the talks.
Japan's Sony Corp is in talks to acquire a stake in billionaire RIL Chairman Mukesh Ambani's TV business Network18 Media & Investments, Bloomberg reported. Sony is reportedly considering several potential deal structures, including a bid for the company or a merger of its own Indian business. Network18 Media's shares rose up to around 19% on the report of the talks.
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