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Viacom18-Star India merger expected to be announced this week

The huge merger between Viacom18 and Star India is expected to be announced this week.

Reports say that the two companies have already signed a binding agreement. The merger will see Reliance own 61 per cent of the new entity, while Walt Disney will own 33 per cent. 6 per cent of the company will be held by Bodhi Tree Systems.

The regulatory approvals are expected to be completed imminently, ahead of the IPL series, which kicks off in March.