Campaign India Team
Dec 08, 2009

Turner buys NDTV Imagine

Turner Asia Pacific Ventures (TAPV) has signed an agreement to buy NDTV's stake in NDTV Imagine, which is held through NDTV's subsidiary NDTV Networks plc.The total size of the transaction is $117 million (about Rs 546 crore).In an official statement, Anshuman Misra, managing director, Turner International India said, "Turner International has signed an agreement in principle to acquire 92% of NDTV Imagine, subject to regulatory and Time Warner board approval. We will provide complete details upon board approval."

Turner buys NDTV Imagine

Turner Asia Pacific Ventures (TAPV) has signed an agreement to buy NDTV's stake in NDTV Imagine, which is held through NDTV's subsidiary NDTV Networks plc.

The total size of the transaction is $117 million (about Rs 546 crore).

In an official statement, Anshuman Misra, managing director, Turner International India said, "Turner International has signed an agreement in principle to acquire 92% of NDTV Imagine, subject to regulatory and Time Warner board approval. We will provide complete details upon board approval."

Source:
Campaign India

Related Articles

Just Published

1 day ago

Deepika Padukone grooves to 'Auva Auva' for Levi's, ...

Watch the film conceptualised by Spring Marketing Capital here

1 day ago

Sony Music appoints Sangeetha Aiyer as director of ...

Moves from NBCUniversal India where she was head of marketing

1 day ago

New Government guidelines to hold social media and ...

It involves a three-tier regulation mechanism that requires OTT platforms and YouTube to self-classify their content into five categories based on age suitability

1 day ago

Narendra Modi, Virat Kohli and Rahul Gandhi lead ...

Social media analytics firm Twitteet released its analytics for January 2021