Breaking News HomeShop18, Shop CJ in merger talks

[THAKUR]

The TV home shopping business is proving to be unsustainable with two big players in the market. So, the two biggies have started talking about a merger.

Mukesh Ambani-owned HomeShop18 and Shop CJ Network, a 50:50 joint venture between Korean firm CJ O Shopping and private equity firm Providence Equity Partners, are in talks to merge operations.

Providence, which had bought out Star India’s 50% stake, is looking to exit. HomeShop18, part of Network18 Media & Investments, is expected to control the merged entity with CJ O Shopping bringing down its stake.

“Due diligence is on and the deal size is expected to be anywhere between $150-200 million,” the Economic Times quoted sources as saying.

Read more at: http://www.televisionpost.com/news/homeshop18-shop-cj-in-merger-talks/ | TelevisionPost.com

 

[Technoglitch]

Hope this would reduce shopping channels on platforms

 

[scorpionking76]

I fear Mukesh is now going in Anil's way

 

[ApurbSSJ]

I also want less shopping channels

 

[Devesh]

Hope this would reduce shopping channels on platforms

 

[adithya]

In bangalore hs18 worker's payment problem delivery getting delayed and feedback also going bad so this step

 

[Technoglitch]

Most of the other Tele shopping channels too face the same issue,

 

[adithya]

Noo hs18 worker's were collecting delivery charges extra from customers then big issues happened in south India customer feedback is negative in south even I too face a guy collected 50 rupees as delivery charges and goods was delivered v.late not on promised date

 

[ApurbSSJ]

Yes these problem started only after Hs18 implemented delivery charges..

 

[adithya]

Workers are not working they are using third party courier services workers are not payed from months