MUMBAI: Eros International Media Ltd signed a term sheet to acquire a controlling stake in Universal Power Systems Private Limited, which trades in the name Techzone, for an undisclosed sum. Techzone is a developer and distributor of entertainment content used on mobile platforms in India. The firm is focused on the Indian film and music markets and has region-specific content in Tamil and Telugu. “With Techzone’s billing integration and distribution in place across major telecom operators and average transaction traffic of over 25 mln monthly over the past three years, we expect this deal to complement our existing ErosNow service,” said Jyoti Deshpande, CEO of Eros.

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