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Sony Entertainment Television (SET) India plans to go public. An IPO is expected next year. The company is looking at a period after the cricket World Cup gets over in April 2007, reports Indiantelevision.com. The merchant bankers are yet to be appointed.

Sony is also negotiating a stake buy in Ten Sports. SET India already has the rights to distribute the sports channel in India. Sony plans to take a majority stake in Ten Sports. The idea is to have a presence in the sports segment. CNBC TV18 had reported that Sony is eyeing a 50 per cent stake in Ten Sports for some $50-60 million.

[Via Indiantelevision.com]