Dish TV in talks to buy Videocon DTH for nearly $1 bn: Srcs
This may soon happen, as any market cannot have so many operators in TV Broadcasting service.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.