TV18, the Mukesh Ambani-controlled media group, is to take operational and economic control of Viacom18, its Indian TV joint venture with U.S. media conglomerate Viacom. TV18 is paying $20 million to buy a 1% stake in Viacom18, raising its shareholding from 50% to 51%. The deal values the business at $2 billion. The branding and […]
from Variety http://ift.tt/2BHZFZG
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