Dish TV in talks to buy Videocon DTH for nearly $1 bn: Srcs

[kumarvishwas]

[size=large]Dish TV in talks to buy Videocon DTH for nearly $1 bn: Srcs[/size]

In what can be a big move, Dish TV is in talks to buy Videocon DTH, reports CNBC-TV18's Nisha Poddar quoting sources. The two companies are negotiating on valuations close to USD 1 billion.

This is because Videocon's ask price is currently higher than what Dish TV has offered. Even the lenders have suggested that sale of Videocon DTH to Dish TV is likely. Nasdaq-listed Videocon DTH has market capital of USD 855 million and has a net debt of Rs 1600 crore.

The losses that the company had last fiscal year stood at Rs 92.2 crore. While Videocon DTH has denied any deal talks with Dish TV, the latter has not offered any comment to CNBC-TV18 query.

Dish TV in talks to buy Videocon DTH for nearly [url=http://www.moneycontrol.com/news/cnbc-tv18-comments/dish-tvtalks-to-buy-videocon-dth-for-nearly-361-bn-srcs_6983321.html]Dish TV in talks to buy Videocon DTH for nearly http://www.moneycontrol.com/news/cnbc-tv18-comments/dish-tvtalks-to-buy-videocon-dth-for-nearly-361-bn-srcs_6983321.html bn: Srcs - Moneycontrol.com bn: Srcs - Moneycontrol.com[/url]

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Dish TV in talks to buy videocon DTH, shares surge

Dish TV stocks surged over 1 per cent after a CNBC TV report said that the company is in talks to buy Videocon DTH.

Dish TV stocks surged over 1 per cent on Tuesday after a CNBC TV report said that the company is in talks to buy Videocon DTH. Lenders have suggested sale of Videocon DTH to Dish TV.

Nasdaq listed videocon DTH has a market cap of $855 mn, according to TV reports.

At 12.09 pm, Dish TV stocks were trading 1.10 per cent up at Rs 101.35. The scrip opened at Rs 100.30 and has touched a high and low of Rs 101.95 and Rs 99.60, respectively, in trade so far. Sensex was trading 40.39 points down at 27,238.37 during the same time.

According to reports, Dish TV, Videocon DTH negotiating on valuations close to $1 billion. Videocon DTH’s ask price currently higher than what Dish TV has offered.
Both the companies have denied any deal talk with each other.

Dish TV in talks to buy videocon DTH, shares surge | The Financial Express

 

[Sarkar]

So after exit in telecom now it's time for DTH business  :lol

 

[tatasky_2006]

Nasdaq-listed Videocon DTH has market capital of USD 855 million and has a net debt of Rs 1600 crore. The losses that the company had last fiscal year stood at Rs 92.2 crore.
:new
[size=medium]In what can be a big move, Dish TV is in talks to buy Videocon DTH, reports CNBC-TV18's Nisha Poddar quoting sources. The two companies are negotiating on valuations close to USD 1 billion. This is because Videocon's ask price is currently higher than what Dish TV has offered. Even the lenders have suggested that sale of Videocon DTH to Dish TV is likely. Nasdaq-listed Videocon DTH has market capital of USD 855 million and has a net debt of Rs 1600 crore. The losses that the company had last fiscal year stood at Rs 92.2 crore. 
[/size]

Dish TV in talks to buy Videocon DTH for nearly [url=http://www.moneycontrol.com/news/cnbc-tv18-comments/dish-tvtalks-to-buy-videocon-dth-for-nearly-361-bn-srcs_6983321.html]Dish TV in talks to buy Videocon DTH for nearly http://www.moneycontrol.com/news/cnbc-tv18-comments/dish-tvtalks-to-buy-videocon-dth-for-nearly-361-bn-srcs_6983321.html bn: Srcs - Moneycontrol.com bn: Srcs  - Moneycontrol.com[/url]

 

[TushShar]

Edited..Bro its already posted..

 

[TushShar]

Dishtv is having so much money.. :sp

 

[Sourabhs20]

ohh instead of dishtv , idea or vodafone should buy videocon d2h.

 

[UCBLK]

OMG !

 

[Sai Jai]

yeah expected one :s .. Yep Idea or Voda. should purchase d2h :sp .. Dish Tv unexpected skd:skd ..

 

[Sarkar]

yeah expected one :s .. Yep Idea or Voda. should purchase d2h :sp .. Dish Tv unexpected skd:skd ..

Why Idea or voda bro ? Does voda has any DTH business anywhere in the world ? :huh

 

[smileguy]

so thats why nothing is moving!! No more new channels, they are in the midst of a sale!