15 Feb, 2016 – 21st Century Fox-owned TV network Star India has closed its purchase of Telugu language broadcaster Maa TV for US$346 million in cash.
The deal’s closure follows the approval by the Foreign Investment Promotion Board (FIPB) in June 2015 of Star’s acquisition of Maa TV, Maa Music, Maa Gold and Maa Movies from industrialist Nimmagadda Prasad, Rajya Sabha member Chiranjeevi and actor Nagarjuna.
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