Friday, 24 March, 2023

Bodhi Tree backs Viacom18 in $1.78B seed round

<p>James Murdoch owned Bodhi Tree is set to lead a $1.78B seed round for investment in Viacom18. The investment is part of a strategic partnership which aims to make Viacom18 into one the biggest TV and digital streaming companies in India. The partnership will see JioCinema merge into Viacom18. Along with Bodhi Tree, Reliance and Property Management is also investing $216M in Viacom18 while Paramount Global will continue to be a shareholder.&nbsp;</p>