Absolutely see a bidding war here very soon. India is both the key market for international growth for Netflix, Amazon and Apple, yet at the same time incredibly hard to enter without the expertise and content library of a local player. Then there is Indian Telco Reliance with a 5% investment and $150 million co-production budget in EROS at $15 valuation just months ago and its own ambitions to rival Amazon. Add the highly discounted market cap, the engagement of Citigroup Global Markets as the company's strategic advisor and Wall Street M&A veteran Prem Parameswaran to the equation and a buyout is a very likely scenario. I''ll take $15 :-)
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