NBC Universal Taking Major Stake In India’s NDTV for ‘Nine Figure Sum’
From our India site ContentSutra: NBC Universal (NYSE: GE), through its international arm, is taking a major stake of around 30 percent in NDTV’s UK arm, ContentSutra has learned. This has been rumored for a few months now, and we have now confirmed that the deal should be finalized any time. (Of course, always the chance that something could fall through at the last minute.) We don’t have the exact amount of investment, but it is in nine figures—at least $100 million and likely more. The stake is in NDTV Networks Plc, the UK-registered company which owns five subsidiaries of NDTV: NDTV Imagine Limited, NDTV Lifestyle Limited, NDTV Convergence Limited and NDTV Labs Limited and 50 percent in NGEN Media Services Private Limited. A source familiar with the deal said NDTV gets capital, content (wonder if we’ll see an Indian version of Law and Order a la the UK remake in the works) and some value validation. More here.
Robert adds: NDTV is New Delhi Television, India’s biggest TV producer, whose flagship channel is the “24x7” news station.
Posted In: Companies, NBC Universal, Countries, Asia, India
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Comments (0)
Jan 3, 2008 9:37 AM
WoW… This is a Great Deal… Finally NBCU will enter in to Indian Subcontinent and we will see some good content.. NBCU & NDTV Rocks… ;-)
Thanks,
Buddha
Digital Media
Jan 3, 2008 12:14 PM
Great Deal!! It would be great for indian market and media as well.
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Jan 23, 2008 2:42 PM
I understand the NBC stake will rise to 50% in 2 years and then how independent can NDTV be?
Watch how Amreicanised India gets - with slanted news FOX-TV style and lots of brainless US sitcoms and movies.
Great news for the Indian masses, right?
Oct 23, 2008 3:21 AM
I understand the NBC stake will rise to 50% in 2 years and then how independent can NDTV be?
Oct 29, 2008 8:39 AM
This would be a big bang for the Indian market.
Dec 8, 2008 3:27 AM
wtf??
Dec 30, 2008 8:33 AM
NDTV has got now as Lehman Brothers investment might have n ot work good for them. So take the steps wisely in your investments
Jan 22, 2009 1:17 PM
Ya really it would be a big bang for the Indian market.
Feb 16, 2009 11:37 PM
thanks share!
Mar 17, 2009 5:41 AM
very interesting! thank you very much for this information.
Mar 23, 2009 3:02 AM
it would be a big bang for the Indian market.
Mar 31, 2009 7:47 PM
googdnews
Apr 8, 2009 7:34 PM
NDTV has got now as Lehman Brothers investment might have n ot work good for them.
Apr 28, 2009 10:31 PM
googd infomation!