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CCI sends 100 queries on RIL, Disney merger
Business Standard
|July 23, 2024
Antitrust body Competition Commission of India (CCI) has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media assets merger, including details on sports rights as it heightens its scrutiny of the deal, two sources told Reuters.
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Antitrust experts had warned that the Reliance and Disney deal, which was announced in February, could face intense scrutiny as it will create India's biggest entertainment player with 120 TV channels and two streaming services.
The companies will also together own lucrative rights for cricket, India's most popular sport.
This story is from the July 23, 2024 edition of Business Standard.
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