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Disney India-Reliance Merger Gets Go-Ahead From Antitrust Watchdog
Disney's merger with Reliance Industries in India is going ahead after the country's competition authority gave the deal a greenlight.
Disney’s merger with Reliance Industries in India is going ahead after the country’s competition authority gave the deal a greenlight. In a social media post earlier today, the Competition Commission of India (CCI) said the merger could go ahead, “subject to the compliance of voluntary modifications.” Disney will hold about 37% of the venture, which combine the businesses of Mumbai-based Reliance Industries, its owned and controlled Viacom 18 Media, and Star India.
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