After nearly a week of to and fro on the paperwork, the deal between World Sports Group (WSG) and Multi Screen Media (MSM) has been clinched. Even MSM was the frontrunner for this according to many sources in the industry, a foreboding sense of uncertainty was omnipresent on the matter, especially because the deal was once nearly clinched in an out-of-court settlement, which later failed due to BCCI's rejection of the non-terminable clause that MSM has included in the deal.
Sources close to the situation now inform that deal has been closed and the telecast rights of the IPL remains with MSM.
Earlier in the week, the Bombay High Court had announced its judgment on the MSM-BCCI case, where it had allowed BCCI to initiate conversation with any broadcaster for the IPL telecast rights. In turn, BCCI had left that side of the negotiation with the WSG. It is learnt that the deal between the two parties is now closed.
As is known, IPL is now taking place in South Africa and would begin on April 18, 2009.
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