Comcast, partners make offer for Zee stake

MUMBAI: A consortium that includes US cable giant Comcast Corp., James Murdoch’s Lupa Systems and Blackstone Group Inc. has made an offer for a stake in Zee Entertainment Enterprises Ltd., the country’s largest private broadcaster, people familiar with the matter said. The group plans to snap up a 51% stake, which has a market value of about ₹19,000 crore, said one of the people, asking not to be identified as the discussions are private. A deal could be announced as soon as Wednesday and there could be more investors, another person said.