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Murdoch family office, Blackstone may give lifeline to Essel Group by investing in Zee Entertainment

Updated : July 03, 2019 02:52 PM IST

PE firm Blackstone, Murdoch's family office arm Lupa Systems and ex-Comcast VC's investment firm Atairos are in an advanced discussions for a transaction: sources
Promoters hold 38 percent stake in ZEEL, of which 66 percent is pledged.
Deal proceeds to be used to release pledged shares: sources
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