NDTV Networks, NBC Universal conclude strategic partnership transaction

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New Delhi, May 24 (ANI/Business Wire India): 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 dollars, NBC Universal now has an effective indirect stake of 26 per cent 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 per cent with NDTV group holding an equal 50 per cent 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.

ANI

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