Reliance and Disney merge India media businesses to launch $8.5B JV

Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity 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 a 36.84% stake in the merged entity, and Reliance-backed Viacom18, which also […] © 2024 TechCrunch. All rights reserved. For personal use only.

Technology Feb 29, 2024 0 Add to Reading List

Reliance and Disney merge India media businesses to launch $8.5B JV

Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity 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 a 36.84% stake in the merged entity, and Reliance-backed Viacom18, which also […]

© 2024 TechCrunch. All rights reserved. For personal use only.

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