![]() ![]() ^ "Asianet - leading Malayalam GEC Channel | TV Serials | Malayalam Entertainment".^ Disney's $52.4 billion acquisition of 21st Century Fox includes Star India too, Medianama, 14 December 2017, retrieved 8 September 2020.Upon The Walt Disney Company acquiring most of 21st Century Fox on March 20, 2019, Asianet Star Communications, along with all of Star India's subsidiaries, became subsidiaries of The Walt Disney Company, and restructuring put them under Disney India.Īsianet has a presence in over 60 countries worldwide including the Indian sub-continent, China, South East Asia, Middle East, Europe, United States and the lower half of the former Soviet Union. Star India was a subsidiary of 21st Century Fox. Star India acquired 100% stake in Asianet Communications (buying the remaining 13% stake) in March 2014. Following the June, 2013 investment, Asianet Communications was valued at $1.33 billion. The later move was by virtue of acquiring a 19% equity stake in Vijay TV from Chandrasekhar and Asianet Communications MD Madhavan. ![]() Star India increased its stake in Asianet Communications to 75% in July 2010 (for which Star India paid around $90 million in cash), and to 87%, by acquiring 12% stake for $160 million in June, 2013. Prior to forming the JV, it was known that the original founder had held about 26% stake. It's not clear how much stake Menon held in the new Star Jupiter venture. Star India had reportedly paid $235 million in cash for the 51% stake and assumed net debt of approximately $20 million. The joint venture, called "Star Jupiter", comprised all general entertainment channels of Asianet 8 October 2013 Bombay 12 March Communications (Asianet, Asianet Plus, Asianet Suvarna and Asianet Sitara ) and Star Vijay. Star India eventually bought a 51% stake in Asianet Communications and formed a joint venture with JEV in November 2008. Star India started talks with the owners of the Asianet channels in August, 2008. This move was to allow separate investments in each company. Rajiv Chandrasekhar era (2006–2008) Star India acquisitions (2008–2014) Īsianet was restructured into four companies in June 2008 (general entertainment, news, radio and media infrastructure). The central Government sanction for a full-fledged news channel took time and hence it was launched much later than planned on. Asianet news operated from Gorky Bhavan from 2000. Under an arrangement with the Russian embassy with the help of Dr Ratheesh Nair (current), the Gorky Bhavan was repaired and taken over by Asianet. The remaining 50% shares in Asianet Satellite communications, the cable networking company was also sold to The Raheja Group who now had complete ownership of the Cable Networking Company called Asianet Satellite Communications.Īsianet started one more channel as Asianet Global on 6 July 2001 to cater to the Malayalees outside India, and this was later restructured into a News Channel.Īsianet aired its first news bulletin starting 30 September 1995. #21st asianet film awards 2019 full#Dr Menon bought back the shares earlier given to Mr Sashikumar in 1999 at an agreed price, and took over full control of Asianet. ![]() 5% of the equity was with Mr Raghu Nandan (Dr Menon’ elder brother). Dr Menon increased Mr Sashikumar's share from the initial 5% to 45% in stages. In the absence of bank financing 50% shares of the cable networking company was sold to Raheja Group. ( October 2022) ( Learn how and when to remove this template message) ![]() Unsourced material may be challenged and removed. Please help improve this section by adding citations to reliable sources. ![]()
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