Zee sells Ten Sports to Sony for $385 million
The board of Zee Entertainment has approved the sale of its sports broadcast operations, Ten Sports network, to Sony for $385 million (around ₹2,600 crore), reports claimed. According to Zee, the sale will be completed within four to five months. With this sale, an EBIT (earnings before interest and tax) loss of ₹100 crore will be relieved, Zee added.