From Miss ESPNCricinfo Staff:
The Pune Warriors will remain in the IPL and its parent company Sahara will continue its sponsorship of the Indian team [..] The major concession Pune seem to have won is the restoration of its auction purse of $1.6 million and the licence to buy players who were not sold at the auction and also foreign players who were not part of the auction.
That’s blackmail. In a perfect world, the BCCI would have called their bluff and looked for another sponsor.
Also, in a perfect world the Pune owner would not have had to negotiate with the Chennai owner on the fate of their franchise.