James Murdoch and Uday Shankar, the former CEO of Star India and president of Disney in Asia Pacific, said Thursday that they are partnering to form a new venture that will explore technology and media opportunities in emerging markets.
Murdoch, who no longer holds a role in his family's media empire, is teaming up with Shankar via Lupa Systems, theNew York and Mumbai-based investment firm he established in 2019.
Financial terms and details about the partnership were not disclosed. But the venture reunites the duo spent after they spent years workingtogether building Star into a dominant television and streaming player in India and Asia, prior to its sale to Disney as part of the historic 21st Century Fox acquisition.
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