Reliance Industries seeks CCI approval for $8.5bn Viacom18-Star India merger as a joint venture.
Reliance Industries, led by Mukesh Ambani, has sought approval from India's Competition Commission (CCI) for the $8.5 billion merger of Viacom18 and Star India Pvt Ltd. The combined entertainment businesses of Viacom18 and Star India will become a joint venture held by RIL, Viacom18, and existing TWDC subsidiaries, following the merger. Reliance Industries states that the proposed transaction will not cause any appreciable adverse effect on competition in India.
May 25, 2024
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