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CCI Approves Reliance-Disney Merger in $8.5 Billion Deal

  • CCI greenlights Reliance-Disney merger valued at Rs 70,350 crore, subject to voluntary modifications
  • RIL to hold 16.34%, Viacom18 46.82%, and Disney 36.84% in the new entity
  • Joint venture to create media powerhouse with 120 TV channels and two streaming platforms
  • Combined content library to exceed 200,000 hours of TV dramas, movies, and sports events
  • Merger expected to finalize between Q4 2024 and Q1 2025, rivaling Sony, Netflix, and Amazon in India

Source: The Arc

3mo ago
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