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Disney-Reliance $8.5 Billion Media Merger Faces Antitrust Scrutiny in India Over Cricket Rights: Report
India's antitrust watchdog has expressed concerns about the proposed $8.5 billion merger between Reliance and Disney's media assets, per Reuters.
India ‘s antitrust watchdog has expressed initial concerns about the proposed$8.5 billion merger between Reliance and Walt Disney ‘s media assets in the country, sources told Reuters on Tuesday. The merged entity, set to be majority-owned by Reliance and its Viacom18 outfit, helmed by Asia’s richest individual Mukesh Ambani, would control lucrative cricket broadcast rights across television and streaming platforms. The creation of this new Indian behemoth comes in the wake of Sony Group Corporation ending its more than two-year attempt to merge its TV and streaming businesses in India with local giant Zee Entertainment Enterprises Limited, in what would have been a $10 billion deal.
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