Bol TV has been bought by ARY News. The confirmation for the news arrived from Mubasher Lucman and Waseem Badami. In around two hours, all employees will be addressed by Shoaib Sheikh from jail.
All of the news heads, bureau chiefs and executives of Bol TV have been summoned to Karachi but have not yet been informed of this development.
The deal has been jointly agreed by the management of both channels and confirmation should be arriving in around two hours.
According to Lucman, a percentage formula has been agreed between both parties.
This is a developing story and we will add more details as we get them.