India's Zee entertainment to buy PE-backed 9X Media
Zee Entertainment Enterprises, a media and entertainment company based in India, has agreed to acquire 9X Media, an Indian media firm backed by New Silk Route Partners (NSR).
Zee will pay INR1.6 billion ($24.5 million) for 9X and its subsidiaries, including a 29.2% stake in INX Music owned by outside investors, according to a filing. The deal gives Zee control of six music...
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