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IBN18 to acquire 43.4 pct in Viacom18 for $62.5 mln

IBN18 Broadcast Ltd said on Wednesday its board has approved the acquisition of a 43.4 percent stake in Vaicom18 Media Pvt Ltd from a unit of Television Eighteen India Ltd for $62.5 million.

With this acquisition, IBN will own 50 percent in Viacom18, it said in a statement to NSE. (Reuters)

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