J-LO Closes Deal

NUVO TV which is backed by Jennifer Lopez has purchased FUSE TV which reaches 73 million households more than double Nuvo Tv’s 32 million households for a reported $222,000,000. This deals will expand their distribution relationships and opportunities. which that purchase they also out $15% equity stake in the company which is worth $50 million. This is a huge deal for Jennifer Lopez and Nuvo Tv. The deal should close completely between July – Sept.

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