India’s NDTV In Talks With Time Warner and Astro To Replace NBC Universal

 Indian broadcaster NDTV is in talks with two overseas companies—Time Warner (NYSE: TWX) and Malaysia’s Astro—to come in as an investor in its lifestyle business, according to a person familiar with the development. Today morning, NDTV said it will buy back a 26% stake in its non-news subsidiary NDTV Networks from American media conglom NBC Universal (NYSE: GE). We reported in the morning that NDTV was in talks with multiple potential partners. One of the companies will eventually come in as an investor to replace NBC Universal, our source said.