Aug 28, 2024 05:31 PM IST
The CCI has approved the merger between Reliance and Disney
The Competition Commission of India (CCI) has approved the merger between Reliance and Disney’s entertainment businesses on Wednesday, August 28, 2024.
The merger is between Reliance Industries Limited (RIL), Viacom18 Media Private Limited (Viacom18), and Digital18 Media Limited, with The Walt Disney Company’s (TWDC) Star India Private Limited (SIPL) and Star Television Productions Limited (STPL).
Star India Private Limited, which is currently a wholly owned entity of Disney will become a joint venture jointly held by Reliance Industries Limited, Viacom18 and existing Disney subsidiaries, according to the CCI’s press statement.
The detailed order is yet to be released.
