Sony Pictures to buy additional 32% in MSM for $271 mn

Sony Pictures Television (SPT), a wholly-owned subsidiary of Sony Pictures Entertainment, has said it will acquire an additional 32 per cent stake in Multi Screen Media (MSM) for $271 million.Post the acquisition, which is subject to government approval, SPT's stake in MSM that owns channels like SET and MAX in India, will go over 94 per cent."SPT has signed an agreement to acquire approximately 32 per cent of the shares of MSM, whic...