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Mergers & Acquisitions | 25 April 2012

Eros International Acquires 76% In B4U Television

by Charmi Gutka
Eros International Acquires 76% In B4U Television
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Eros International Plc is acquiring 76% stake in @B4U_Television Private Limited for $53.1 Mn.

Eros already owns 24% stake in the television network, but has not exercised significant influenceover the company. Eros will purchase the 76% it does not currently own.

B4U Television is a global television network that provides Indian programming across two digital television channels, B4U Music and B4U Movies.

B4U is available in more than 100 countries, including India, the UK, the US, Canada and countries in Middle East and Africa.

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Johnson&Johnson To Sell Off Its Two FMCG Brands

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Johnson&Johnson is planning to sell of its two FMCG brands which include Savlon antiseptic soap and liquids, and Shower to Shower talcum powder brands in India for a consideration value of above INR 3000 Mn.

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