NDTV group and NBC Universal have successfully concluded their strategic partnership initiative for the NDTV Networks business. By a sub scri ption of shares for US $150 million, NBC Universal now has an effective indirect stake of 26% 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% with NDTV group holding an equal 50% 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.
NDTV Ltd is India’s largest news and infotainment network. NDTV has an unmatched track record of successfully launching three news channels in India and two abroad: NDTV 24×7 is a clear leader in the English news segment, NDTV Profit, a 24-hour business plus channel, is India’s number one business news channel, and NDTV India is amongst the country’s leading Hindi news channels.
NBC Universal is one of the world’s leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience. Formed in May 2004 through the combining of NBC and Vivendi Universal Entertainment, NBC Universal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, and world-renowned theme parks. NBC Universal is 80% owned by General Electric and 20% owned by Vivendi.