Dish TV in talks to buy Videocon DTH for nearly $1 bn: Srcs

In what can be a big move, Dish TV is in talks to buy Videocon DTH, reports CNBC-TV18's Nisha Poddar quoting sources. The two companies are negotiating on valuations close to USD 1 billion. This is because Videocon's ask price is currently higher than what Dish TV has offered. Even the lenders have suggested that sale of Videocon DTH to Dish TV is likely.Nasdaq-listed Videocon DTH has market capital of USD 855 million and has a net debt of Rs 1600 crore. The losses that the company had last fiscal year stood at Rs 92.2 crore. While Videocon DTH has denied any deal talks with Dish TV, the latter has not offered any comment to CNBC-TV18 query.