Business Standard

Monday, December 23, 2024 | 06:20 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

A merger wave in media

A mix of history, the pandemic and its cascading effects are among the reasons for this action

Image
Premium

Vanita Kohli-Khandekar
What explains the spate of mergers and acquisitions (M&As) in media? According to the FICCI-EY annual report, the industry saw 118 M&A deals valued at Rs 67,200 crore in 2021. That is a huge jump from 77 deals worth Rs 6,800 crore in 2020 and 64 deals, valued at Rs 10,100 crore, in 2019. About half of these, by value and volume, were in broadcasting and almost a third in gaming.

Of these the biggest, arguably, was the December 2021 merger of Sony and Zee into a Rs 14,000-crore behemoth. It creates India’s second largest media company after Disney-Star.

This
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in