CCI approves $8.5 billion merger between Reliance & Disney in India
The Competition Commission of India (CCI) has today approved the $8.5 billion merger of Reliance Industries and Disney’s Indian media assets, subject to certain voluntary modifications.
The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
In a post on X, the CCI confirmed the news “C-2024/05/1155 Commission approves the proposed combination involving Reliance Industries Limited, Viacom18 Media Private Limited, Digital18 Media Limited, Star India Private Limited and Star Television Productions Limited, subject to the compliance of voluntary modifications.”
C-2024/05/1155 Commission approves the proposed combination involving Reliance Industries Limited, Viacom18 Media Private Limited, Digital18 Media Limited, Star India Private Limited and Star Television Productions Limited, subject to the compliance of voluntary modifications. pic.twitter.com/S2JVzw2VgR
— CCI (@CCI_India) August 28, 2024
Related to this
Under the agreement, Reliance and its affiliates will hold a 63.16 per cent stake in the combined entity that will house two streaming services and 120 television channels.
Walt Disney will hold the remaining 36.84 per cent stake.
