$8.5 billion joint venture launched as Reliance and Disney merge India media businesses
Reliance and Disney merge India media businesses to launch $8.5B joint venture. Reliance’s portfolio of Viacom18, Disney, and its media business in India will merge, creating India’s largest media company. Reliance will be the controlling joint venture and directly own 16.34% of this merged entity. It has been valued at $8.5 billion. Disney will hold 36.84% of … Read more