Qatar sovereign fund commits $1.5 billion to Uday Shankar, Murdoch’s new venture

On January 27, ET reported that Singapore-headquartered Asia Initiatives, a 51:49 joint venture between Shankar and Murdoch's private investment company Lupa Systems, is in advanced talks with ViacomCBS and Reliance Industries, to pick up around a 40% stake in Viacom18, the entertainment network owned by TV18 and ViacomCBS.

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