Advertisement


Advertisement

Thread Rating:
  • 8 Vote(s) - 3.25 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Turner to acquire 92% in NDTV Imagine
Advertisement
#1
source:indiantelevision.com


MUMBAI: Turner International is acquiring 92 per cent stake in NDTV Imagine for $117 million, freeing the Indian broadcasting company from its loss-making verticals.

NDTV's 76 per cent stake in NDTV Imagine will cost Turner International $67 million. The Time Warner company will acquire fresh equity for $50 million to take its total holding in NDTV Imagine to 92 per cent.

Says Turner International India managing director Anshuman Misra, "Turner International has signed an agreement in principle to acquire 92 per cent of NDTV Imagine, subject to regulatory and Time Warner board approval. We will provide complete details upon board approval."

NDTV said Tuesday NDTV Networks Plc, the subsidiary company that holds NDTV Imagine, will retain a five per cent stake in NDTV Imagine, prior to the issuance of primary shares to Turner Asia Pacific Ventures (TAPV).

The deal will help NDTV to be debt-free and focus on its core news business.
try to findout ur own destiny
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads…
Thread Author Replies Views Last Post
  General News: NDTV launches ad-free subscription service on mobile app nairrk 0 612 11-22-2018, 10:28 AM
Last Post: nairrk
  General News: NDTV launches India’s first mobile-only portrait live channel nairrk 0 704 10-16-2018, 02:54 PM
Last Post: nairrk
  Update: Turner India reveals new channel pricing nairrk 0 643 09-11-2018, 01:12 PM
Last Post: nairrk
  General News: NDTV India to become pay channel from 15 Sept nairrk 0 680 08-14-2018, 10:33 AM
Last Post: nairrk
  General News: Time Warner to be renamed Warner Media, Turner CEO exits nairrk 0 533 06-18-2018, 07:01 PM
Last Post: nairrk
  General News: Two NDTV channels hop on to Comcast’s Xfinity TV platform nairrk 0 668 06-12-2018, 09:49 AM
Last Post: nairrk
  Update: Turner India to shut down Toonami from 15 May nairrk 0 625 04-20-2018, 10:46 AM
Last Post: nairrk
  General News: Turner to launch Cartoon Network HD+ on 15 April nairrk 0 696 04-11-2018, 11:58 AM
Last Post: nairrk
  General News: ZEEL calls off deal to acquire 9X Media nairrk 0 801 03-16-2018, 07:01 PM
Last Post: nairrk
  General News: NDTV plans Good Times of shows and contest as it turns 10 nairrk 0 855 09-07-2017, 09:13 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement