Zee Entertainment Enterprise (ZEEL) is looking to hive off its sports channel Ten Sports for an undisclosed amount. In this regards, the company is in advance talks for the sale of the sports business with potential buyers. The keeps on exploring various strategic options for entering new business or exiting it to maximise shareholders return. The company had bought Ten Sports from Dubai-based Abdul Rahman Bukhatir’s Taj Group in 2006.
ZEEL is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world, with an extensive library housing over 120,000 hours of television content.
