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Deal street: Comcast-led consortium closing in on ZEE Entertainment buy

image MUMBAI: US cable major Comcast, which owns NBCUniversal, and Atairos, a $4-billion investment company led by former Comcast CFO Michael Angelakis, is looking to team up with PE fund Blackstone and James Murdoch’s family office Lupa Systems to bid for Zee Entertainment EnterprisesNSE 0.37 % (ZEE), said people in the know.

The consortium is currently involved in due diligence even as Facebook, the world’s largest social media platform, has sent feelers to explore a potential deal. ...............................ET

04-Jul-2019