It’s Official: NBC Universal Picks Up 26 Percent Stake In NDTV Networks For £76.97 Million
As our sister site contentSutra confirmed on January 2, NBC Universal (NYSE: GE) is taking a major stake in the UK subsidiary of Indian media company NDTV. The price tag: $150 million (£76.97 million). NBCU has an agreement to acquire an “effective” 26 percent share in NDTV Networks, the holding company for NDTV Ltd.‘s digital media, entertainment and lifestyle channels, NDTV Labs, etc. The deal comes with an option for NBCU to become a 50 percent partner.
NBCU made the announcement during CEO Jeff Zucker’s London visit meant to underscore the company’s commitment to increasing international revenues. Zucker has committed to doubling the size of NBCU’s international ops by 2010.
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Jan 22, 2008 8:55 AM ET
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Jan 23, 2008 5:40 AM
wow its a great News…
Finally NBCU & NDTV had a strategic tie up. Now NBCU can say it has a good presence in Asia besides CNBC and its good for consumers and also NDTV can leverage NBCU’s content for their benefit.
Both Rocks…
Buddha
Digital Media