Sony India finalises Ten Sports purchase
September 20, 2017
By Chris Forrester
Sony Pictures Networks India (SPNI) has completed its acquisition of the Ten Sports channels owned by Zee Entertainment Networks (ZEEL).
Sony paid $366.3 million overall and the latest payment obligation concludes the transaction. The final amount paid is also $18.7 million less than first announced. The difference is because a building in Dubai, leased by Taj TV, is no longer part of the deal.
SPNI had already added Ten 1, Ten 2, Ten 3, Ten 1 HD and Ten Golf HD to its line-up, and in July, SPNI re-branded these channels as Sony Ten 1, Sony Ten 2, Sony Ten 3, Sony Ten 1 HD and Sony Ten Golf HD. Sony has also launched HD versions of some of these channels.