European Union approves Reliance-Disney Star merger
The European Union has approved the merger of Reliance Industries’ Viacom18 with Disney Star India.
The European Commission, the EU’s executive body, granted approval for the joint venture, which will operate as Star India Private Limited (SIPL).
In an official statement, the Commission said, “The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture, Star India Private Limited (SIPL), by Reliance Industries Limited, The Walt Disney Company of the US, and BTS Investment 1 Pte. Ltd. of Singapore.”
The merger primarily affects India’s entertainment industry, the statement added.
The Commission concluded that the merger would not lead to competition issues within the European Economic Area, citing the joint venture’s minimal presence in Europe and the limited combined market position of the merging entities.
