Comcast tests India waters with Bodhi Tree stake buy
On Wednesday, the Competition Commission of India cleared NBC Universal's acquisition of a stake in BTS Investment 1 Pte Ltd and Bodhi Tree Systems VCC, which are owned by Asia Initiatives Pte Ltd. Asia Initiatives is a joint venture between James Murdoch's Lupa Systems and former Star India chief executive Uday Shankar. Bodhi Tree is a minority shareholder in Reliance Industries-controlled Viacom18, which owns a bouquet of entertainment channels.
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