“Disney and Reliance to merge media businesses in India in $8.5 billion joint venture”
March 1, 2024
“Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday.
The companies will be combining their respective Star India and Viacom18 units into the newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding synergies. The venture will have more than 750 million viewers in the coveted Indian market, a statement said…”
https://www.cnbc.com/2024/02/28/disney-and-reliance-to-merge-media-businesses-in-india.html