Viacom Re9.4 billion acquisition of Prism TV

Overview:

• Viacom, through subsidiary Nickolodeon Asia Holdings, has acquired a 50% stake in Prism TV for $153 million from Reliance Industries subsidiary Shinano Retail.
• Prism is a subsidiary of Reliance Industries-owned Network18 Group and owns TV channels ETV Marathi, ETV Kannada, ETV Bangla, ETV Oriya and ETV Gujarati.
• The deal is part of Viacom and Network18's joint venture Viacom18.

Katrin Kostadinova - Data analyst