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Help RDTV and Sun Direct merger plans called off
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#1
The much-awaited possible merger between Sun Group and Reliance ADA for the DTH business may be off the table, reports CNBC-TV18 quoting sources.

Sources had earlier indicated that the two players were in talks for a deal and had formalised some areas but eventually the whole proposal collapsed. "The talks were at a preliminary stage and if the deal went through it would be a good strategic fit and would help both the companies to capture a larger market share,” said a source familiar with the development. “However due to differences over valuation and some other distribution contours, the talks did not go ahead.” Sources also say that the talks between the two players had been called off about a month ago and while RCom still wants to bring in a strategic player for its DTH business, it has not found interested buyers yet.

Read more at: http://www.moneycontrol.com/news/cnbc-tv...ef_article

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#2
You mean the merger is cancelled ?
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