UTVi, will have content from ABC News as part of a tie-up with Disney-ABC International Television (Asia Pacific), Walt Disney Co.’s international television distribution arm.
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.