NEW DELHI: Competitors fee of India on Wednesday stated it has authorized the merger of the media property of Reliance Industries and Walt Disney Co to create the nation’s largest media empire. The deal, introduced six months in the past, has been cleared by the CCI with sure modifications proposed by the 2 events.
In a publish on X, the regulator stated it has cleared the “proposed mixture involving Reliance Industries Restricted, Viacom18 Media Non-public Restricted, Digital18 Media Restricted, Star India Non-public Restricted and Star Tv Productions Restricted, topic to the compliance of voluntary modifications”.
In a publish on X, the regulator stated it has cleared the “proposed mixture involving Reliance Industries Restricted, Viacom18 Media Non-public Restricted, Digital18 Media Restricted, Star India Non-public Restricted and Star Tv Productions Restricted, topic to the compliance of voluntary modifications”.
The CCI, nevertheless, didn’t disclose voluntary modifications within the authentic deal made by the 2 events.
Underneath the deal, Reliance and its associates will maintain a 63.16 per cent stake within the mixed entity that may home two streaming providers and 120 tv channels.
Walt Disney will maintain the remaining 36.84 per cent stake.
