Top header Banner
Top header Banner
Middle top Banner

Reliance & Disney to sign off merger for Star India operations “next week”

Walt Disney Company and Reliance Industries Ltd will reportedly sign a non-binding pact early next week to merge their media operations in India.

Bloomberg reports that the signatures could be exchanged on Monday for the cash-and-stock deal.

The report further states that Ambani will infuse cash to hold at least 51% of the merged entity, while Disney hold on to the rest.

If the deal goes through, the merged company will become one of the largest media giants in India.

Keep it with for more.