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Sony Pictures Networks India and its affiliates have completed the first phase of a two-phase acquisition of Ten Sports Network from Zee Entertainment Enterprises and its subsidiaries.
Following the completion of this phase of the acquisition, SPN’s cluster of nine sports channels will now include, Sony SIX and Sony Six HD, Sony ESPN and Sony ESPN HD, Ten1, Ten1 HD, Ten2, Ten 3, and Ten Golf HD
Certain other operations and assets will be included in the final phase of the acquisition, subject to certain closing conditions, which is expected to be completed in the next few months.
NP Singh, CEO, SPN said, “SPN is now equipped, better than ever, to offer its viewers premium sporting content with a sports portfolio that includes every major sport and many international as well as domestic leagues. We are now stepping into the integration process to facilitate a seamless transition.”
Last year in September, SPN had acquired Ten Sports for Rs 2,600 crore from Zee. Earlier this year, competition watchdog Competition Commission of India had cleared Sony Pictures Networks' proposed purchase of Ten Sports.
Sony Pictures Networks India is a subsidiary of Sony Corporation, which owns and operates the Sony Entertainment network of television channels.
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