Huge valuation: NBC Universal pays $150 million for part of NDTV
With over a billion residents, India is a market that Western companies can’t ignore. The latest big media conglomerate to make a significant play in the region is NBC Universal, which has struck a partnership with New Delhi Television Limited (NDTV), India’s largest news and infotainment network. The deal, worth $150 million, gives NBCU an indirect stake of 26 percent of NDTV.
This means NDTV has a valuation significantly larger than when Velocity Interactive Group put… Continue Reading