Disney takes majority stake in India's UTV

By 2008-12-08T04:30:00

The move gives Disney a majority stake of 59.94% in UTV and haslifted the partners' combined holdings to 83%. However, Disney is not taking management control of the company and will keep an unchanged three seats on the 12-person board. The agreement also allows UTV CEO Ronnie Screwvala to buy ...

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