Reliance Industries, led by billionaire Mukesh Ambani, has requested approval from the Competition Commission of India (CCI) for a massive $8.5 billion merger of its media subsidiary Viacom18 with Star India, owned by Walt Disney
Reliance Industries, led by billionaire Mukesh Ambani, has sought approval from the Competition Commission of India (CCI) for an $8.5 billion merger between Viacom18 and Star India Pvt Ltd (SIPL). The merger aims to combine the entertainment businesses of Viacom18, part of Reliance Industries, with SIPL, a wholly-owned subsidiary of The Walt Disney Company (TWDC). Post-merger, SIPL will become a joint venture held by RIL, Viacom18, and TWDC subsidiaries.
Reliance Industries seeks CCI approval for Viacom18-Star India merger dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
Reliance Industries, led by Mukesh Ambani, seeks CCI approval for an $8.5 billion merger with Disney's Star India. This move will combine Viacom18 and SIPL entertainment businesses, creating India's largest media firm. The joint venture, chaired by Nita Ambani, will hold significant stakes and invest heavily in OTT platforms.