Jennifer Lopez-backed channel nears deal to buy Fuse TV: Bloomberg

Thu Apr 3, 2014 11:39pm EDT

Related Topics

(Reuters) - Latino-focused channel NuvoTV is nearing a deal to buy Madison Square Garden Co's Fuse TV and may announce the deal on Friday, Bloomberg reported, citing people with knowledge of the matter. (link.reuters.com/kub38v)

Cable channel NuvoTV made an offer last month to buy Fuse TV for more than $200 million in cash and stock.

Fuse, an American music television network, reaches about 74 million homes through pay-TV systems including DirecTV and Dish Network Corp.

NuvoTV and Madison Square Garden were not available for comment, outside regular U.S. business hours.

(Reporting by Ankush Sharma in Bangalore; Editing by Gopakumar Warrier)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.