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Reliance, Disney announce merger; Nita Ambani to be chairperson – Times of India

newsguru.info28 February 202403 mins

[ad_1] NEW DELHI: Reliance Industries Limited (RIL), Viacom 18 Media Private Limited, and the Walt Disney Company have officially announced a strategic joint venture, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world’s most populous nation. The collaboration aims to amalgamate the operations of Viacom18 and Star India, combining their vast…

Business

Reliance Industries, Disney sign binding India merger pact: Report – Times of India

newsguru.info25 February 202402 mins

[ad_1] Walt Disney and Reliance Industries have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the country.The media unit of Reliance, controlled by billionaire Mukesh Ambani, and its affiliates are expected to own…