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India’s Reliance inks deal with Disney to create media giant ...News
The conglomerate led by billionaire Mukesh Ambani will be the majority shareholder in the merged entity, worth $8.5bn Indian mega-conglomerate Reliance has struck a deal with the Walt Disney Company to merge their TV and video streaming businesses into a new entity valued at $8.5 billion. With over 750 million viewers across 120 channels and two streaming platforms, the venture combining Reliance’s Viacom18 and Disney’s Star India will become the largest media network in the world’s most populous nation. The deal, announced on Wednesday after months of talks, still requires regulatory approval but will be complet
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