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Reliance, Disney complete India media merger valued at $8.5B
Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse that will dominate the streaming Reliance and Disney complete landmark Indian media merger, creating an $8.5 billion powerhouse.
Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse that will dominate the streaming and television markets in the world’s most populous nation. The deal, which secured regulatory approvals from competition authorities in India, the EU, China and other jurisdictions, marks a significant retreat by Disney from direct control of one of its most important international markets. “By joining forces with Reliance, we are able to expand our presence in this important media market and deliver viewers an even more robust portfolio of entertainment, sports content, and digital services,” said Disney CEO Robert Iger in a statement.
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