ADAG group company Reliance BIG Entertainment had not acquired stake in online Cricket streaming company Willow.tv, Rajesh Sawhney, President of Reliance Entertainment confirmed to MediaNama today. He declined to comment any further, particularly on the details of why the deal didn't go through. According to our sources, there were differences over valuation. In 2008, Reliance BIG Entertainments plans to spend $60-70 million on the acquisition 0f 75% stake in Willow.tv and the expansion if its business were widely reported. Willow.tv has the America rights for streaming Cricket matches for the Indian Premier League for a period of five years, and has streamed over the past year, events such as ICC World Twenty20, ICC Champions Trophy, Champions League Twenty20, West Indies tour of Australia 2009-10, England tour of South Africa 2009 and the ongoing Pakistan tour of Australia 2009. In the past, Reliance Entertainment company BIGFlix did tie up with Willow.tv for "Ticket to Cricket". Our complete coverage of Cricket & Digital Rights in India: Dec 4th, 2009: Global Cricket Ventures Raises $10M From Elephant Capital Nov 30th, 2009: Online Cricket Piracy Increased With T20 World Cup & IPL; Desi Blogs; Safe Harbor? Oct 14th, 2009: SMS Game 6UP Back For Champions League T20; Has Anything Changed? Sep 3rd, 2009: NBCU Ties Up With Ten Sports For Cricket Streaming; Vdopia Ad Sales Partner; Challenge Aug 31st, 2009: Live Current Media Sells IPL Portal Rights, Cricket.com; Exits Cricket Biz June 4th, 2009: Channel 2 Gets ICC T20 Digital Rights; Cricket Radio With CricInfo, RCOM May 13th,…
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