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Print Edition: Feb 19, 2012

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
-Anamika Butalia

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