Star India has closed the Maa TV deal for $346 million in cash, which is $29 million less than the $375 million it had earlier agreed to pay for acquiring the Telugu-language broadcaster.
It is not clear if this is due to the foreign currency fluctuation. Star acquired the entire broadcast business of Maa Television Network in December 2015 for approximately $346 million in cash, including payments towards non-compete agreements.
Based on a provisional valuation of Maa TV, the excess...
Star India closes Maa TV deal for $346 mn
It is not clear if this is due to the foreign currency fluctuation. Star acquired the entire broadcast business of Maa Television Network in December 2015 for approximately $346 million in cash, including payments towards non-compete agreements.
Based on a provisional valuation of Maa TV, the excess...
Star India closes Maa TV deal for $346 mn