This is generating a buzz in deal circles: An
imminent merger or takeover of the Anil Ambani-
promoted Reliance Big TV with or by Kalanithi
Maranpromoted Sun Direct.The transaction was
nearly dropped last year due to a valuation
mismatch and the legal wrangle Sun finds itself
in because of the 2G scam. The two billionaire
promoters have now decided that a merged
company would be better than the two DTH TV
service providers fighting each other, people in
the know said.
imminent merger or takeover of the Anil Ambani-
promoted Reliance Big TV with or by Kalanithi
Maranpromoted Sun Direct.The transaction was
nearly dropped last year due to a valuation
mismatch and the legal wrangle Sun finds itself
in because of the 2G scam. The two billionaire
promoters have now decided that a merged
company would be better than the two DTH TV
service providers fighting each other, people in
the know said.
