Asia’s richest man to buy majority stake in news organization in ‘hostile’ takeover
Adani Group said Tuesday it will buy a majority stake in NDTV, a high-profile Indian news house, in an apparent hostile takeover as the billionaire Gautam Adani expands his media ambitions. AMG Media Networks, Adani’s unit, will indirectly purchase a 29.18% stake in New Delhi Television and launch an open offer to buy another 26%…