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DTH News : Reliance Broadcast in talks to buy Radio City: report
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Reliance Broadcast Network Ltd, the media services arm of the Anil Dhirubhai Ambani Group, is in talks to acquire Radio City from private equity fund India Value Fund Advisors Pvt Ltd, a leading financial newspaper said in a report on Thursday.

The fund owns the radio channel through its stake in Music Broadcast Pvt Ltd, the paper said, adding the private equity fund is looking to exit its investment and has approached several potential buyers.

"The two companies have been in talks, but nothing has been finalized yet," the report quoted a person directly involved in the deal as saying.

Reliance Broadcast Network owns BIG 92.7 FM.

Full Story: Indian DTH Blog

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