Temasek Holdings, the private equity arm of the Singapore government, is in talks with a clutch of Indian media professionals and business houses to set up a TV broadcasting company. The proposed company could rope in former CEO of Star TV Peter Mukerjea and Mukesh Ambani, the latter through his personal investment companies, as well as some US-based equity funds. The venture will operate news and current affairs as well as entertainment channels. Ambani, Temasek and US investors are to get 26% each and the remaining portion will be divided among Mukerjea and other professionals who join later. The channel would look at an investment of around $300 mn (roughly Rs. 1400 crores) in the next two to three years.
Read the Business Standard article.
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