Reliance Industries and Disney sign a binding pact to merge their media operations in India, with RIL owning at least 61%.
Reliance Industries and Walt Disney Co have signed a binding pact to merge their media operations in India. RIL is expected to own at least 61% of the merged entity, with Disney holding the remaining stake. This deal follows Disney's reported agreement to sell 60% of its Indian business to Viacom18 for $3.9 billion. The merger is a major move in the Indian media and entertainment industry.
February 25, 2024
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