News Corp and Walt Disney have started a race to acquire a stake in bollywood production house UTV Software Communications. Australia-based Macquarie Bank -probably on behalf of News Corp – has acquired about 6.6 per cent in UTV Software Communications, and plans to hike it to 14.99 per cent. Earlier, Walt Disney had acquired 14.99 per cent in UTV. Once both the parties cross 14.99 per cent, that will trigger the open offer requirement resulting in a bidding war. The question is why is News Corp angling for UTV where Walt Disney has already acquired 14.99 per cent.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post