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Published: February 15, 2024
Updated: February 15, 2024
With a low promoter stake of 4 per cent, Zee Entertainment Enterprises is a sitting duck for a hostile acquisition. After the company’s merger deal with Sony collapsed over leadership issues of the merged entity, the company is now ready for a takeover.
With the present management facing a SEBI enquiry over funds diversion, none of the private equity companies with huge cash piles is interested in acquiring the company. This leaves the group with the option of approaching local industrialists with cash piles. One of the names being discussed is the Adani group, which is likely to buy up to a 26 per cent stake in the company but this is not confirmed by either side.
Meanwhile Ambani’s Reliance is merging TV18’s entertainment and sports channels with Disney India’s business, which will create a major network with almost 25 per cent of the Indian market. If Adani buys Zee, it will compete directly with the TV18-Disney merged entity.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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