Sony Pictures to buy sports channels from India's Zee for $385 million

August 31, 2016 7:30 AM

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MUMBAI India's Zee Entertainment Enterprises Ltd (ZEE.NS) said on Wednesday it has agreed to sell its sports broadcasting business to Sony Pictures Networks for $385 million, as it rejigs its media content delivery businesses.

TEN Sports holds broadcast rights to major cricket boards in South Africa, Pakistan, Sri Lanka and West Indies. It also holds rights for football's UEFA Champions League, Europa League, French League and English Football Cup among other sports.

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