A high-powered team from STAR TV, led by Paul Aiello and including Uday Shankar, Jagdish Kumar and Ajay Vidyasagar was ensconced in Bangalore on Friday and Saturday. It is reliably learnt that the team was in the IT city with two objectives. The first is to take forward the discussions with Rajiv Chandrasekhar for the takeover of Asianet’s non-news offerings. It is understood that the two have signed a Non-Disclosure Agreement as the talks progress.
The second objective is the exploration of the JV with Vijay Mallya (pictured) for STAR TV’s proposed entry into the print space. Details of the scope of the proposed alliance were unavailable.
When contacted to comment on the above, STAR TV’s spokesman Yashpal Khanna said “We do not comment on rumours and speculation.” Watch this space for updates.