Adlabs Films To Acquire Majority Stake In Siddhartha Basu’s Synergy Communications

Adlabs Films, now a Anil Dirubhai Ambani group company, intends to acquire a majority stake in Synergy Communications Pvt Ltd, a TV content production house owned by Siddhartha Basu. Adlabs has signed a Letter of Intent (LoI) with Synergy Communications to acquire the stake, it informed the Bombay Stock Exchange. Synergy has produced hit shows like ‘Kaun Banega Crorepati’ (the Hindi version of Who Wants To Be Millionaire?”) on STAR Plus. The company was reportedly valued at $10-11 million. Adlabs is also planning more acquisitions in the content space.[Via Exchange4media and Indiantelevision.com]

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