HomeShop 18 to buy Shop CJ

Homeshop18, part of Network 18 Media & Investments, is set to acquire 74% stake in Shop CJ Network — an equal joint venture between private equity investor Providence Equity Partners and Korean firm CJ O Shopping.

ET was first to report on June 23 that the two parties are in talks.

Sources with direct knowledge of development told ET the deal could be announced later this week and is expected to be in...

HomeShop 18 to buy Shop CJ