India's CCI raises concerns over Reliance-Disney merger, citing potential harm to competition in cricket broadcast rights.

India's Competition Commission of India (CCI) expresses initial concerns over the proposed $8.5bn merger between Reliance and Walt Disney's media assets, citing potential harm to competition due to the combined entities' influence over cricket broadcast rights. The CCI has asked both companies to explain why an investigation should not be initiated, raising questions about the merged company's potential dominance over advertising market and pricing power. The CCI has given the companies 30 days to respond and address the concerns, which may result in further scrutiny and potential delays in the merger's approval.

August 20, 2024
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