New Delhi Television Ltd said on Tuesday it has entered into a preliminary deal to sell 26 percent of an overseas unit to NBC Universal Inc and a subsidiary of NBCU for $150 million.
The overseas unit is the parent of NDTV Imagine, NDTV Labs, NDTV Lifestyle, NDTV Emerging Markets and also the joint venture partner of NGEN Media Services, the Indian firm said in a statement.
NBC, 80 percent owned by General Electric and 20 percent by Vivendi, also has the option to raise the stake to 50 percent in the third year, it said.(Reuters)