Bloomberg News

Walt Disney Makes Open Offer for UTV in India Starting January

December 29, 2011

Dec. 29 (Bloomberg) -- Walt Disney Co. offered to buy the shares of India’s UTV Software Communications Ltd. it doesn’t own starting Jan. 16.

Disney offered to buy the stock from retail shareholders for between 835.03 rupees and 1,000 rupees apiece, according to an advertisement in the Economic Times newspaper yesterday. The offer will close on Jan. 20. Disney already owns 50.44 percent of UTV.

--Editor: Anand Krishnamoorthy

To contact the reporter on this story: Ketaki Gokhale in Mumbai at kgokhale@bloomberg.net

To contact the editor responsible for this story: Michael Tighe at mtighe4@bloomberg.net


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