Multi-system operator (MSO) DEN Networks and Jasper Infotech, the owner of embattled e-commerce platform Snapdeal, have exited the TV home shopping business by selling their entire shareholding in TV home shopping company Macro Commerce to Pimex Broadcast for Rs 10 lakh. The move comes as both DEN and Snapdeal want to put their focus on their core businesses of cable/broadband and e-commerce respectively. The exit of DEN and Snapdeal was inevitable considering that the tele shopping business is still in its infancy and requires huge capex. Major players like Shop CJ and Homeshop18 are incurring huge losses even after being in the market for a long time.
Read more at: http://www.televisionpost.com/news/den-snapdeal-exit-tele-shopping-biz-sell-stakes-to-pimex-broadcast/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/news/den-snapdeal-exit-tele-shopping-biz-sell-stakes-to-pimex-broadcast/ | TelevisionPost.com
