Adani Group - NDTV Acquisition
Sumit Saha
Dayananda Sagar Business School (DSBS), Bangalore, India
S Manjunath
Patel Institute of Science & Management, Bangalore, India
Aradhana Yadav
UG Departments, ISME, Bangalore, India
Volume 18: 2023, pp. 331-344; ABSTRACT
The acquisition of NDTV by the Adani Group generated significant interest and debate within the Indian media industry. This corporate takeover marked a pivotal moment in the landscape of corporate media, with one of India’s leading business conglomerates eyeing a prominent news channel. The ownership change has ignited discussions on the future of journalism and editorial independence, given Adani’s diverse business interests, from infrastructure to energy. The Adani Group’s pursuit of NDTV underscored the broader trend of mergers and acquisitions in the media sector, as conglomerates sought to expand their influence and diversify their holdings. This development has raised questions about the possible impact on media diversity and freedom of the press in India. Regulatory approval and public perception played critical roles in determining the fate of this acquisition, making it a focal point in the ongoing evolution of the Indian media industry. This was a classic example of a hostile takeover in the media industry in India.
Keywords: corporate takeover, media conglomerate, Indian media industry, journalism
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