Sony Pictures Television (SPT), an indirect but wholly-owned subsidiary of Sony Pictures Entertainment Inc, has signed an agreement to acquire 32 per cent of the shares of Multi-Screen Media Pvt Ltd (MSM), which are owned by Grandway Global Holdings Limited (‘Grandway’) and Atlas Equifin Pvt Ltd (‘Atlas’). The agreement, subject to government approval, will bring SPT’s interest in MSM to a little over 94 per cent. The closing for this transaction is expected to take place by the end of December. MSM operates television networks in India and its channels include Sony Entertainment Television (SET), MAX, SAB, PIX, MIX and the recently launched sports channel SIX.