AMG Media Networks keen on a deal with Zee, suggests marquee investor
As per the buzz in the industry, the new investor in Zee will make an open offer for equity beyond 26 per cent
Adani’s AMG Media Networks may step forward to make investments in Zee since the merger plan with Sony Corp is no longer working out, hinted Sanjay Dutt, Director of Quantum Securities, in a tweet.
AMG seems a done deal. Insiders chatter and rumours that it's tied up and final touches being given.
— Sanjay Dutt (@thesanjaydutt) January 22, 2024
Well, "the opera ain’t over until the fat lady sings!"
“AMG seems a done deal. Insiders chatter and rumours that it's tied up and final touches being given. Well, "the opera ain’t over until the fat lady sings!"
Although Dutta has not made any mention of Zee, but ‘the done deal’ is likely to be a reference to the media company given the timing of the tweet.
Sanjay Dutt, a marquee investor, was also a shareholder in NDTV and had entered into litigation with Dr Prannoy Roy who eventually sold NDTV to Adani-owned AMG.
According to industry hearsay, the new investor in Zee will make an open offer for equity beyond 26 per cent.
The deal is likely to have an arrangement where Dr Subhash Chandra still runs the company and Punit Goenka stays MD, industry experts shared.
