Network18 To Invest $90.5 Million In JV With Viacom

Entities Mentioned

• Nikhil Pahwa
• Network18
• Viacom

1. Viacom (NYSE: VIA) has formalized its joint venture with Network 18 - Viacom 18 Media Pvt Ltd. The 50:50 joint venture will receive around $90.5 million in investment from Network18 over the next three years, reports Reuters. The Hindu adds that the investments will be via Network18 group company Global Broadcasting News ($40 Million), and wholly owned subsidiary BK Holdings Mauritius ($50.5 million). GBN has acquired warrants convertible into equity shares of Viacom 18, and has the option to acquire the entire shareholding from BK Holding Mauritius.
   
   
   Viacom18's mandate includes the launch of a ... (Read Full Article)
   
   

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