Star HS, an affiliate of STAR India, has completed the sale of its 50 percent stake in STAR CJ Network India, the home shopping joint venture with Korea’s CJ O Shopping Co. P5 Asia Holding Investments (Mauritius), a group company of Providence Equity Partners, has acquired STAR’s 50 per cent stake in the venture. Uday Shankar, CEO, STAR India said, “STAR CJ provides world class home shopping experiences to consumers in India and has been a valuable investment for us. We and CJ … [Read more...] about STAR India completes sale of stake in STAR CJ to Providence Equity
Providence
Providence Equity to buy out Star India’s Star CJ venture stake
Star India has been getting out of non-core activities to focus on its broadcasting (entertainment and sports) and digital businesses. Among the operations it bailed out on figure cable distribution where it exited from Hathway Cable & Datacom and news where it moved out from Media Content & Communication Services (the Star News venture). Earlier this week, both Korea Bizwire and Variety reported that Star India had decided to sell its 50 percent stake in the Indian … [Read more...] about Providence Equity to buy out Star India’s Star CJ venture stake
