Latest Breaking News On - Disney india entertainment streaming reliance merger business announce asia financial industries kaljazeera media - Page 1 : comparemela.com
India’s Reliance Industries and Walt Disney of the United States have announced the merger of their India TV and streaming media assets, creating an $8.5bn entertainment powerhouse far ahead of rivals in the world’s most populous nation. Reliance, led by Asia’s richest man Mukesh Ambani, will inject $1.4bn in the merged entity, with the company and its affiliates holding a more than 63 percent stake. Disney will hold about 37 percent, the companies said in a joint statement late on