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May 26, 2008
NDTV Group, NBC Universal sign strategic partnership
The NDTV group and NBC Universal have closed a strategic partnership for the NDTV Networks business.By a subscription of shares for US $150 million, NBC Universal will now have an effective indirect stake of 26% in NDTV Networks PLC. NBCU has the option of raising their stake in two years, at the then fair market value, in the holding company of Networks PLC to 50% with NDTV group holding an equal 50% stake.
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