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Sun tv to buy TV9 channels
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Update :  Sun tv to buy TV9 channels
Sun tv group eyeing to buy tv9 group of channels

The Kalanithi Maran-controlled Sun TV Network Ltd is close to acquiring Hyderabad-based Associated Broadcasting Company Pvt Ltd (ABCL), which manages a chain of regional news channels under the brand TV9.

ABCL has six news channels — one in Telugu, two in Kannada, and one each in Gujarati, Marathi and English. According to sources, the Mauritius-based private equity firm Saif Partners has substantial stake in the company, and is looking to exit.

“The deal may be struck for approximately Rs 150 crore,” a person close to the development told Business Line.
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[-] The following 1 user says Thank You to ravi for this post:

Both SUN TV and TV9 denied the news.
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[-] The following 1 user says Thank You to Viki for this post:

sun has more channels in that regional so why they want to buy?
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