UTV Severs Ties With Astro For Bindass

Entities Mentioned

• Nikhil Pahwa
• Disney
• UTV Software
• Bindass
• TiE

1. UTV Software has informed the BSE that they have called off their "discussion" with Malaysian DTH and Pay TV co Astro for a TV joint venture in India; that venture was supposed to be UTVs youth focused business Bindass, which was launched earlier this year. UTV had entered into a term sheet with Astro. Astro is itself looking to launch Indian operations this year. UTV is believed to be in advanced stages of discussion for financial and/or strategic investment, and reports have indicated that Disney (NYSE: DIS) might be picking up a stake. UTV had announced an ... (Read Full Article)
   
   

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