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Disney, Reliance Sign $8.5 Billion Deal to Merge India Media Operations

(Bloomberg) Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldThis Is Where New Migrants Are Going When They Reach the USFlawed Valuations Threaten $1.7 Trillion Private Credit BoomSupreme Court Immunity Case Jeopardizes Trump Trial Pre-ElectionIndian billi ....

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Reliance Disney merger: Mukesh Ambani cements India media dominance with Disney merger

Indian billionaire Mukesh Ambani s Reliance Industries and Walt Disney Co. sign an $8.5 billion agreement for a merger, forming a dominant media giant in India. Reliance controls over 60% of the new entity, securing a powerful position in India s entertainment market. The joint venture gains exclusive rights to distribute Disney content in India and marks a significant boost for Reliance s streaming platform, Jio Cinema ....

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