Reliance Capital has acquired 18% of Bloomberg-UTV. Now Bloomberg owns 15% of Bloomberg UTV and UTV founders own 67%. Bloomberg UTV is a partnership between Bloomberg and UTV founder Ronnie Screwvala. UTVi was rebranded to Bloomberg UTV after Bloomberg bought a 15% stake around October 2009. [VCCircle]
Reliance Capital Buys 18% Of Bloomberg UTV
Categories: Bloomberg L.P., Reliance Capital.