Network 18 set to buy Eenadu?

January 03, 2012 12:37

Indian television and Internet conglomerate Network18 Group is expected Tuesday to announce a fund-raising plan and the purchase of assets of Eenadu, a regional media company, said a person familiar with the matter.

Network18 is looking at all of Eenadu's news assets and part of its entertainment business, and an announcement of a deal is expected after a Network18 board meeting Tuesday afternoon, the person said. Further details weren't available.

That's the report on the Wall Street Journal.

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