Walt Disney boosts stake in India’s UTV

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Walt Disney Co. has reached a deal with Indian UTV to double its stake. This is one the Disney’s efforts to expand internationally.

Disney will raise its holding in UTV Software Communications Ltd. to 32.1%, the same level as UTV’s founders, from 14.9%.
By acquiring 9.35 million shares for 8.05 billion rupees.

UTV launched two entertainment television stations last year and another one this month. UTV is launching one movie channel- UTV Movies and a Business channel- UTVi.

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