SET-listed GMM Grammy Plc, the country's largest entertainment company, is likely to sell its 50% stake in event organiser Index Creative Village Plc to Wave Entertainment Plc.
Index is the last non-core business Grammy wants to divest so it can focus on its core business.
Grammy has sold many non-core investments to raise funds to support its digital TV operations.
It has two digital TV channels — One and GMM 25.
Grammy initially invested in Index in 2005, holding a 50% stake worth 183 million baht. At that time, Index had revenue of 600 million baht.
Index's business grew strongly and generated about 2 billion baht in revenue last year.