The Sun TV has win the bid for Hyderabad IPL franchise for a 5 year term by bidding $15.9m per year.The decision was announced after the meeting of the IPL's governing council in Mumbai on Thursday.The bids were invited by them after the termination of Deccan Chargers due to their failure in meeting the deadline for raising its bank guarantee.
Th Sun TV won the bid by defeating PVP Ventures who offered $12.9m per year.This was their second time in bidding as they failed to win the bid last time also.
The Sun TV is a private Television and Entertainment company with around 32 channels spreading across different genres including movies,news,music etc.
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