NBCU Completes Acquisition Of 26 Percent Stake In NDTV Networks For $150 million

Entities Mentioned

• Nikhil Pahwa
• Goldman Sachs
• NDTV Networks
• NBC Universal
• NDTV Lumiere

1. NDTV Networks has informed the BSE that the group has have successfully concluded their strategic partnership initiative with NBC Universal (NYSE: GE). NBCU has taken an indirect stake in 26 percent of NDTV Networks PLC for $150 million. More importantly - NBCU has the option, in two years, to increase their stake in the holding Company of Networks PLC to 50%, with the NDTV group holding an equal 50% stake. This appears to be a change from the earlier statement, according to which "NBCU affiliates would also have the option of acquiring upto 50 percent stake in ... (Read Full Article)
   
   

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