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Jennifer Lopez-backed channel nears deal to buy Fuse TV: Bloomberg
April 4, 2014 / 3:40 AM / 3 years ago

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

(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

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