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Chronology of Nimbus sale

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
 
-Anamika Butalia