Reliance and Disney to merge media assets in India

Reliance, its media asset Viacom18 and Disney are merging their media businesses in India, creating the largest media conglomerate in the South Asian market. Reliance will control and own 16.34% of the joint venture, whereas Disney will keep 36.84% stake. Viacom18, which also counts Paramount Global among its backers, will own 46.82% stake, the companies […]

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