Providence to buy Star Group's stake in India shopping JV
Providence Equity Partners has acquired a 50% interest in home-shopping channel Star CJ Network India from Star Group. The business is a joint venture with Korea-based CJ O Shopping.
The size of the transaction is said to be in excess of $50 million. CJ O Shopping will retain its interest in the venture. The joint venture was set up in 2009 and currently operates Star CJ Alive, a...
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