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Sony in talks to buy stake in Network18 Media

Reuters Bengaluru | Updated on November 21, 2019

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.

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

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

Published on November 21, 2019

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