The Competition Commission of India (CCI) has cleared Sony Pictures Networks acquisition of Ten Sports.
ZEE Entertainment Enterprise Limited had informed the Bombay Stock Exchange in August 2016 about the proposed sale of ZEE’s sports broadcasting to business. The deal is reportedly worth $385 million.
.@CCI_India approves acquisition of Sports Broadcasting business of Ten Sports by Sony Pictures Networks India Private Limited
— CCI (@CCI_India) January 18, 2017
The competition body approved the deal after it found no adverse impact on competition amongst existing channels.