Indian television company NDTV is in advanced stages of negotiations with NBC Universal, a subsidiary of New York Stock Exchange-listed General Electric to sell between 25 and 30 per cent in its UK-based subsidiary NDTV Networks Plc.This would be NDTV’s first strategic partner in the broadcasting business if the deal, valued at between Rs 650 crore and Rs 800 crore, goes through.
NDTV Networks is the umbrella organisation for group companies such as NDTV Imagine (a Hindi entertainment channel), NDTV Lifestyle (an English TV channel), NDTV Convergence (web and mobile company) and NDTV Labs (software and technology company).It also holds a 50 per cent stake in NGEN Media Services Pvt Ltd, the 50:50 joint venture with Genpact for NDTV’s media process outsourcing business.
Read more in The Business Standard article.
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