MUMBAI: Sony Pictures Entertainment (SPE), the global entertainment unit of Japan's Sony Group Corp., has initiated talks with Walt Disney Co. about a potential acquisition of its India business, said two people with direct knowledge of the matter.
The preliminary discussions with Disney are part of Sony's contingency plan in case its ongoing merger agreement with Zee Entertainment Enterprises Ltd faces inordinate delay or collapses, the people said, requesting anonymity.
"The merger with Zee is in the works for almost two years and has seen its fair share of hiccups.
SPE's parent in Japan is getting frustrated with the delay and has asked to be prepared with a Plan B," one of the people said.
This story is from the October 16, 2023 edition of Hindustan Times.
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This story is from the October 16, 2023 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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