Adlabs to acquire majority stake in Synergy Communications

Mumbai, Sep 7 (UNI) Adlabs Films today announced its plans to buy a majority stake in New Delhi-based Synergy Communications to expand its television content business.

In a notice issued to BSE, the Company said Synergy is a producer of quiz shows and programmes like the popular ''Kaun Banega Crorepati'' that had a format similar to the international classic ''Who Wants to Be A Millionaire?'' Adlabs chief financial officer V Devarajan said the acquisition of Synergy, run by well-known quiz master Siddhartha Basu, would be completed in two months. ''We are ramping up the numbers in the content space... TV is a significant revenue generator in the content space,'' he said.

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