MUMBAI/DELHI: It was a particularly trying moment in the negotiations. Blackstone, the US private equity giant, was in last-minute negotiations with the promoters of the Andhra Pradesh-based Ushodaya Enterprises, owners of Eenadu and ETV, to buy a stake in their media business. Broad details had been agreed upon and documents were being prepared when the deal makers realised that the structure can be tweaked slightly.
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Saturday, September 15, 2007
Blackstone's on full blast in India
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