This is generating a buzz in deal circles: An imminent merger or takeover of the Anil Ambani-promoted Reliance Big TV with or by Kalanithi Maranpromoted Sun Direct.The transaction was nearly dropped last year due to a valuation mismatch and the legal wrangle Sun finds itself in because of the 2G scam. The two billionaire promoters have now decided that a merged company would be better than the two DTH TV service providers fighting each other, people in the know said.
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