Reliance and Disney merge their India media businesses

Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the South Asian market. Reliance will control and own 16.34% of the joint venture, which it has valued at $8.5 billion. Disney will own 36.84% stake in the merged entity whereas Reliance-backed Viacom18, which also counts […]
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