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RIL, Disney to merge India media biz
The Morning Standard
|February 29, 2024
Mukesh Ambani’s Reliance Industries and US-based entertainment giant Walt Disney have signed a definitive agreement to form a joint venture that will combine the businesses of Viacom18 and Star India to create a media behemoth valued at ₹70,352 crore.
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The transaction is expected to be completed in the last quarter of 2024 or early 2025.
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