Jennifer Lopez-backed channel offers to buy Fuse TV - Bloomberg

Fri Mar 14, 2014 2:50pm IST

Singer and judge Jennifer Lopez is seen in this file photo taken in West Hollywood, California February 20, 2014. REUTERS/Mario Anzuoni/Files

Singer and judge Jennifer Lopez is seen in this file photo taken in West Hollywood, California February 20, 2014.

Credit: Reuters/Mario Anzuoni/Files

Stocks

   

REUTERS - Cable channel NuvoTV made a offer to buy Madison Square Garden Co's (MSG.O) Fuse TV for more than $200 million in cash and stock, Bloomberg reported citing people with knowledge of the matter.

Jennifer Lopez-backed NuvoTV's offer pits the pop singer against former boyfriend Sean "Diddy" Combs, who made a bid of about $200 million for Fuse TV earlier this week, Bloomberg reported. (r.reuters.com/xuf67v)

NuvoTV and Madison Square Garden were not available for comment, outside regular U.S. business hours.

Fuse, an American music television network, reaches about 74 million homes through pay-TV systems including DirecTV (DTV.O) and Dish Network Corp (DISH.O).

The celebrity rapper-turned-business mogul Combs planned to merge Fuse with his music cable network Revolt TV, which is backed by Comcast Corp (CMCSA.O), in an attempt to gain wider distribution and higher subscriber fees, the report said.

(Reporting by Anannya Pramanick and Chris Peters in Bangalore; Editing by Gopakumar Warrier)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

ENTERTAINMENT SHOWCASE

Photo

Honorary Golden Globe

George Clooney to receive Golden Globes' Cecil B. DeMille award.  Full Article 

'High' Days

'High' Days

Singer Robin Thicke says was high during 'Blurred Lines' breakout year.  Full Article 

Photo

Controversial Trailer

Second actor sues Google over 'Innocence of Muslims' movie trailer.  Full Article 

Toronto Film Fest

Toronto Film Fest

After Toronto, small film world primes for peak viewing season.  Full Article 

Miss America

Miss America

New Yorker Kira Kazantsev "Happy" to be crowned Miss America.  Full Article 

Women in Cinema

Women in Cinema

South Asian women step out of Bollywood, into serious dramatic roles.  Full Article 

UK Music Chart

UK Music Chart

Sam Smith holds off Robert Plant to keep top UK music chart spot   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage