(Bloomberg) -- Sony Pictures Networks India denied it was in talks to purchase a stake in Indian video streaming platform, aha.
“The speculation regarding our acquisition of a stake in the OTT platform, Aha, is completely unfounded and not based on facts,” the Sony Group Corp. unit said in an emailed statement Monday.
India’s Mint daily reported on Sunday that Sony’s local unit and regional broadcaster Sun TV Networks have begun initial talks on buying a strategic stake in Arha Media & Broadcasting, which runs the video platform aha.
Sony in January called off its plans to merge its India operations with Zee Entertainment Enterprises Ltd. in a transaction that would have created a $10 billion media giant.
Read More: Zee Says Not Involved in Any Negotiations to Revive Sony Deal
More stories like this are available on bloomberg.com
©2024 Bloomberg L.P.
RECOMMENDED FOR YOU
Money Wise: GST Bonanza Will Put More Money In Your Hands
Sep 08, 2025
India Plans $125-Billion Push To Boost High-Speed Road Network
Sep 04, 2025
Bank of Maharashtra Plans Rs 2,000-Crore QIP In FY26 To Cut Govt Stake
Aug 25, 2025
Bharti Airtel Promoter Sells Stake Worth Rs 11,200-Crore Via Block Deal
Aug 08, 2025
POPULAR