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“Disney and Reliance to merge media businesses in India in $8.5 billion joint venture”

“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… Continue Reading…

Business, Stocks

“Ambani’s Reliance to Offer $20 Billion Stake in Retail Arm to Amazon”

“Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is offering to sell a roughly $20 billion stake in its retail business to Amazon.com Inc., according to a person with knowledge of the matter. Amazon has held discussions about investing in the… Continue Reading…