Sony in talks to buy stake in Network18 Media

Reuters Updated - December 06, 2021 at 03:36 PM.

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 05:13