NBCU Completes Stake Buy In India’s NDTV; Option To Increase To 50 Percent

NBC Universal (NYSE: GE) has completed its stake buy in India’s TV conglomerate NDTV Networks, the companies have informed the local stock exhange. 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 to 50 percent, with the NDTV group holding an equal 50 percent stake. This appears to be a change from the earlier statement, according to which NBCU had that same option at the end of third yeat, not second. We’d broken the NBCU-NDTV deal story in Jan this year. More at our sister site contentSutra.com.

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