NBC Universal invests US $150 Million in NDTV Networks

New Delhi Television Ltd (NDTV) has announced that NDTV group and NBC Universal have successfully concluded their strategic partnership initiative for the NDTV Networks business.

By a subscription of shares for US $150 million, NBC Universal now has an effective indirect stake of 26% in NDTV Networks PLC.

NBCU has the option in two years to increase their stake, at the then fair market value, in the holding Company of Networks PLC to 50% with NDTV group holding an equal 50% stake.

The NDTV - NBCU strategic partnership in the Networks businesses is a coming together of two leading professional media organisations with similar ethics and goals and promises to be a major force in the media scene in India and beyond.

Source : Equity Bulls

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