Mumbai: Mint brings you your dose of the top deals news, reported from newsrooms across the countryComcast-led consortium may bid for ZEE EntertainmentUS cable major Comcast, along with private equity fund Blackstone and James Murdoch’s family office Lupa Systems may bid for Indian media firm, Zee Entertainment Enterprises , The Economic Times reported citing people in the know. The Comcast-led consortium went ahead with the due diligence of Zee Entertainment, even as social media giant Facebook approached its promoters for a potential deal. There are, however, issues over control, exact quantum of stake and valuation mismatch, that may prove to be deal breakers. While Comcast will be leading the consortium, Murdoch may act as the local partner on ground and take up a small stake. The Seoul-headquartered firm which is also part of Mirae Asset Financial Group, has offered to buyout the asset for ₹413 crore.

Source: Mint July 04, 2019 04:30 UTC