How Much Is NDTV Paying To Buy Back Stake From NBC?
NBC Universal (NYSE: GE) paid $150 million in May 2008 for a 26% stake in NDTV Networks Plc., a holding company for the non-news businesses of broadcaster NDTV Ltd. Now, a little more than a year later, the American media firm is selling the stake back to NDTV. And how much is it getting paid? Apparently $25 million, according to a Mint story that based the information on a report by BusinessInsider.com.
SEE ALSO: NBC Universal Is Exiting NDTV Networks; Who Will Come In? India’s NDTV In Talks With Time Warner and Astro To Replace NBC Universal
The numbers will likely reflect in NDTV’s figures a couple of quarters from now.
Both NDTV and NBC declined to comment for the Mint story.
Posted In: Companies, NBC Universal, NDTV

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