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Updated: Eros International to acquire controlling stake in Techzone for Eros Now

Update & Corrigendum: Saregama has informed that it distributes content directly across the operators and doesn't have an exclusive tie-up with Techzone. Times Music also informs us that it doesn't have an exclusive contract with Techzone. Techzone has informed us that it no longer has exclusive content deals with Venus, Sony Music, MTV, VH1, Colors and India TV. The company had exclusive deals as of October last year. Update: Probir Roy, co-founder of mobile payments company Paymate, reminds us that Coruscant Tec, a company that he co-founded, was bought by Mukta Arts in 2008. That was the first instance of a content owner buying a MVAS company. It's been a while. Earlier: This is probably the first instance where a content owner is acquiring a content aggregator in the country: Eros International Plc has announced that it has signed a term sheet to acquire a…

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