wordpress blog stats
Connect with us

Hi, what are you looking for?

HomeShop18 and Shop CJ combine businesses

HomeShop18 (TV18 Homeshopping Network) and Shop CJ Network have combined their businesses, the company informed BSE. This deal had been proposed back in September last year, with HomeShop18 wanting to acquire a 74% stake in Shop CJ.

Following this deal, Shop CJ’s shareholders will hold a 25% stake in the combined entity, and HomeShop18 will cease to be subsidiary of Network18 Media & Investments Ltd. However, Network18 will still be the majority shareholder in the combined entity.

HomeShop18 said:

We believe multiple synergies with respect to sourcing, marketing and delivery can be exploited through a combination with Shop CJ.

It’s worth noting that around the time Homeshop18 withdrew its $75 million IPO application to list on the New York Stock Exchange, its parent company Network18 had said that “Homeshop18 has strategically scaled down its digital home shopping business to leverage the potential in the TV home shopping segment, which it dominates with its innovative initiatives.”

Also note that at the end of Q1FY18, Network18 had said that HomeShop18 continued to face challenges due to decline in cash-on-delivery payments post demonetization, and “stiff competition from e-commerce”. However, the company added that the GST rollout was a positive for HomeShop18 since it will eliminate the issue of state entry taxes. “Management is keeping a tight leash on costs, and taking steps to revive the business.”

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ