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Disney to merge Indian media business with Reliance
DisneyDisney(US:DIS) Invezz·2024-02-28 22:33

Walt Disney Co is in focus today after announcing plans of merging its Indian business with Reliance Industries.The merger puts together Star India and Viacom18 to create an entertainment giant valued at about 8.5billion.Reliancewillinvest8.5 billion. Reliance will invest 1.4 billion in the combined entity and, along with affiliates, will have a more than 63% stake in it. The two companies said in a joint statement today:The JV will be one of the leading TV and digital streaming platforms for entertainment and sports content in India ...