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Chernin Group grows in India via Endemol stake.
CA Media, the investment division of Peter Chernin's The CherninGroup, has acquired 49% of Endemol India.
Deal, announced Thursday, is financed from Chernin's recent sale of a $200 million minority stake in the group to Providence Equity Partners and other investors. Though numbers were not disclosed, CA Media chief executive Paul Aiello said, "This is our largest investment in Asia to date."
[ILLUSTRATION OMITTED]
Endemol India managing director Deepak Dhar has been upped to chief executive.
Since it was set up in 2006, Endemol India has produced several hit shows, including local versions of "Big Brother," "Fear Factor" and "Deal or No Deal." …
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Magazine article from: India Business Insight
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