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Comcast rumoured to be eyeing up a stake in Viacom18

Media giant, Comcast is rumoured to be interested in acquiring a stake in Viacom18, just days after James Murdoch and Uday Shankar reportedly expressed interest to do the same.

Times of India reports that TV18 Broadcast shares surged past 8 per cent on Thursday following the news. It is said that Comcast is keen to foray into the India broadcasting field.

Recently, reports suggested that Murdoch and Shankar’s Lupa Systems could acquire up to 10 per cent stake in the company.

Keep it with BizAsiaLive.com for more.