News > Uday Shankar & James Murdoch to acquire 40% stake in Viacom18

Uday Shankar & James Murdoch to acquire 40% stake in Viacom18

Former Star and Disney India Chairman Uday Shankar and James Murdoch plan to acquire nearly 40% stake in Viacom18, media reports say.

Shankar and Murdoch are reportedly investing Rs 12,000 crore in Viacom18, the reports said. Most of the investment is to be through primary infusion of funds.