MUMBAI: Subhash Chandra promoted Zee Entertainment Enterprises (ZEE) is in advanced talks with Anil Ambani's Reliance Broadcast Network Ltd (RBNL) to acquire 49% stake in the latter's BIG FM radio business as well as a 100% stake in its television channels.
"Talks with ZEE are at an advanced stage. They are going to take over the television business and acquire 49% in our radio business," said an RBNL executive on condition of anonymity.
A ZEE official, too, confirmed that discussions were...
Zee Entertainment in talks to acquire Anil Ambani's Reliance Broadcast Network
"Talks with ZEE are at an advanced stage. They are going to take over the television business and acquire 49% in our radio business," said an RBNL executive on condition of anonymity.
A ZEE official, too, confirmed that discussions were...
Zee Entertainment in talks to acquire Anil Ambani's Reliance Broadcast Network