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Zee Entertainment Sells Ten Sports To Sony Pictures Networks India For $385M

Sony Pictures Networks India and Zee Entertainment Enterprises "have entered into definitive agreements" to acquire Ten Sports Network and its subsidiaries for $385M, according to the ECONOMIC TIMES. The acquisition will add five sports channels, TEN 1, TEN 1 HD, TEN 2, TEN 3 and TEN Golf HD to SPN's existing portfolio of channels. The deal also includes TEN Cricket and TEN Sports, which operate in "several countries" including the Indian sub-continent, Maldives, Singapore, Hong Kong, the Middle East and the Caribbean. Ten Sports holds broadcast rights to the major cricket boards (South Africa, Pakistan, Sri Lanka, West Indies and Zimbabwe). In addition, it holds rights to wrestling (WWE), football (UEFA Champions League, UEFA Europa League, La Liga and the English Football League Cup), tennis (WTA Events, ATP events), golf (European Tour, Asian Tour, Ryder Cup, US PGA Championship, LPGA Tour, Professional Golf Tour of India and Golf Channel Block), athletics (Asian Games, Commonwealth Games), motorsports (MotoGP) and cycling (Tour de France) events. SPN's sports properties include cricket (IPL, CPL, Ram Slam), football (2018 World Cup Russia, Euro 2016, FIFA World Events including the U17 World Cup 2017 in India, European and South American Qualifiers for the 2018 WC, Confederations Cup, La Liga, Serie A, FA Cup, Copa America Centenario and Int'l Champions Cup), tennis (Australian Open, ATP 1000 and 500 World Tour Events and Champions Tennis League), fight sports (TNA, UFC and Pro Wrestling League), basketball (NBA) as well as NFL and Premier Futsal (ECONOMIC TIMES, 8/31).

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