DSTv regains lucrative English Premiership rights in $100m deal

•Promises 24-hour football network Nigeria’s most lucrative television rights, the English Premier League, EPL, changed hands Tuesday in a $100 million high wire business deal that saw up and coming Nigerian broadcaster, HiTv lose out to DSTv, the multi-channel digital satellite television company. The new deal was signed in London. BusinessDay learnt that HiTv which emerged as the highest bidder paid only $40 million of its bid price of $115 million and did not provide guarantee of the balance ...
Read the rest of the story on Businessday Nigeria

Added July 22, 2010
from Businessday Nigeria