James Murdoch’s Bodhi Tree leading a $1.78 billion investment in Ambani-backed Viacom18

James Murdoch’s Bodhi Tree leading a $1.78 billion investment in Ambani-backed Viacom18

2 years ago
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https://techcrunch.com/2022/04/27/james-murdochs-bodhi-tree-leading-a-1-78-billion-investment-in-viacom-18/

Indian conglomerate Reliance and Viacom18 have formed a strategic partnership with Bodhi Tree Systems, a platform of James Murdoch’s Lupa Systems and former Disney executive Uday Shankar, in a push to turn the Ambani-backed network, which operates over three dozen television channels in nine languages and streaming services, into “one of the largest TV and digital streaming companies” in the world’s second largest internet market.

As part of the partnership, Bodhi Tree is leading a $1.78 billion investment in Viacom18, which also counts Paramount Global among its backers, the companies said Wednesday.