Harry Sloan and Jeff Sagansky’s Silver Eagle Acquisition Corp has announced that at least $303.7 million would be directed toward the acquisition of 33.5 percent of Videocon’s d2h, a pay TV service in India which provides direct to home broadcasts according to The Hollywood Reporter. This acquisition has created the first and only U.S.-listed, Indian pay TV operator. “We created Silver Eagle for the purpose of finding a fast-growing media opportunity which is taking full advantage of the digital revolution,” said Sloan.

Sagansky added: “Videocon’s DTH business is in what we believe to be the fastest growing segment of the media industry in India in part because of the government’s ongoing mandatory digitization plan in addition to millions of Indian homes subscribing to pay TV for the first time.”