Chronology of Nimbus sale
Nimbus appoints Barclays Capital and Avendus as advisors to help sell off its TV channels, Neo Sports and Neo Cricket
Knocked down Nimbus
1. November 2010: Finding investors indifferent, Nimbus Communications, a sports broadcasting company, withdraws its Rs 900-crore IPO of September 2010
2. December 2011: Nimbus appoints Barclays Capital and Avendus as advisors to help sell off its TV channels, Neo Sports and Neo Cricket
3. December 12, 2011: BCCI cancels Nimbus's broadcasting rights after Nimbus defaults on payment
4. January 3, 2012: TheOneAlliance, a joint venture of Multi Screen Media (MSM) and Discovery, terminates its distribution contract with Nimbus
5. January 18, 2012: MSM, Network18, Bennett, Coleman & Co and Sahara all show interest in buying
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-Anamika Butalia
1. November 2010: Finding investors indifferent, Nimbus Communications, a sports broadcasting company, withdraws its Rs 900-crore IPO of September 2010
2. December 2011: Nimbus appoints Barclays Capital and Avendus as advisors to help sell off its TV channels, Neo Sports and Neo Cricket
3. December 12, 2011: BCCI cancels Nimbus's broadcasting rights after Nimbus defaults on payment
4. January 3, 2012: TheOneAlliance, a joint venture of Multi Screen Media (MSM) and Discovery, terminates its distribution contract with Nimbus
5. January 18, 2012: MSM, Network18, Bennett, Coleman & Co and Sahara all show interest in buying
Â
-Anamika Butalia
