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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Mukesh Ambani’s media venture is in advanced talks for a stake sale to the investment firm operated by the former Star India chief.
For a few weeks now, billionaire Mukesh Ambani’s media venture Viacom18 has been working on a deal to sell a part of the company. And the possible buyer is the investment firm operated by one of India’s most influential media executives Uday Shankar, two people aware of the development confirmed. The talks are at an advanced stage and the process of due diligence has been on for weeks, a third executive added.
More importantly, Shankar is coming on board to play a key role in the operations of the company and will not just be an investor.
Viacom18 is one …
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