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Reliance and Disney to merge media assets in India
Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media conglomerate in the South Asian market. Reliance will control and own 16.34% of the joint venture, which it has valued at $8.5 billion. Disney will own 36.84% stake in the merged entity whereas Reliance-backed Viacom18, which also counts Paramount […] © 2024 TechCrunch. All rights reserved. For personal use only.
Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media conglomerate in the South Asian market. Reliance will control and own 16.34% of the joint venture, which it has valued at $8.5 billion. Disney will own 36.84% stake in the merged entity whereas Reliance-backed Viacom18, which also counts Paramount […]
© 2024 TechCrunch. All rights reserved. For personal use only.
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