Reliance-Disney offer to offload channels ahead of proposed merger
Reliance - Disney
Reliance’s Viacom18 and Disney’s Star India have reportedly proposed to divest some television services in a bid to secure antitrust approval for their impending $8.5 billion merger.
According to sources cited by Reuters, the two media giants are prepared to sell “fewer” than 10 channels to alleviate concerns raised by the Competition Commission of India (CCI) regarding the potential market dominance of the merged entity.
Despite this offer, the companies are reportedly “resisting” any alterations to the valuable cricket broadcast rights they currently hold, signaling the significance of these assets in their overall strategy.
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