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Reliance Industries has also agreed to invest close to Rs 11,500 crore into the joint venture. New Delhi: The Competition Commission of India on Wednesday approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country’s largest media empire worth over Rs 70,000 crore. The deal, announced six…
Read More “Anti-Trust Body Clears Reliance, Walt Disney Mega-Deal Merger” »
“Cricket is the biggest pain point for the CCI,” Reuters reported. Antitrust body, the Competition Commission of India, has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights, four sources told Reuters on Tuesday. In the biggest…
Read More “Reliance, Disney Merger Will Hurt Rivals, Warns Antitrust Body: Report” »
If it closes, the Reliance-Disney deal will reshape India’s $28 billion entertainment market. New Delhi: India’s antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters. Antitrust…
Read More “$8.5 Billion Reliance-Disney Merger Faces 100 Antitrust Queries: Report” »
Walt Disney CEO Bob Iger said the merger would create a big entity and help it to stay in the market at a “significant level”. File | Photo Credit: AP Walt Disney CEO Bob Iger has said a joint venture with Reliance Industries after merging its India business would benefit the company in terms of…
Disney and Reliance logos are seen in this file illustration. | Photo Credit: Reuters Reliance Industries Ltd. (RIL), Viacom 18 Media Private Ltd. (which is majority-owned by RIL’s entity TV18 Broadcast), and The Walt Disney Company (Disney) have signed binding definitive agreements to form a joint venture (JV) which will combine the businesses of Viacom18…
Read More “Reliance, Disney to merge India media operations; Nita Ambani to be chairperson” »