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NDTV and NBC Universal conclude strategic partnership transaction

NDTV and NBC Universal conclude strategic partnership transaction

Author | exchange4media News Service | Monday, May 26,2008 8:42 AM

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NDTV and NBC Universal conclude strategic partnership transaction

The NDTV Group and NBC Universal have successfully concluded their strategic partnership initiative for the NDTV Networks business. By a subscription of shares for $150 million, NBC Universal now has an effective indirect stake of 26 per cent in NDTV Networks Plc.

NBC Universal is one of the world’s leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience.

NBC Universal has the option of increasing their stake in NDTV Networks PLC to 50 per cent in two years at the then fair market value, with the NDTV Group holding an equal 50 per cent stake.

The NDTV- NBC Universal 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.

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