Anti-Trust Body Clears Reliance, Walt Disney Mega-Deal Merger
NDTV
The deal, announced six months ago, faced scrutiny by the anti-trust regulator and the approval has come after the parties proposed certain modifications to the original transaction structure.
The Competition Commission of India on Wednesday approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country's largest media empire worth over Rs 70,000 crore.
The deal, announced six months ago, faced scrutiny by the anti-trust regulator and the approval has come after the parties proposed certain modifications to the original transaction structure.
In a post on X, the regulator said it has cleared the "proposed combination involving Reliance Industries Limited, Viacom18 Media Private Limited, Digital18 Media Limited, Star India Private Limited and Star Television Productions Limited, subject to the compliance of voluntary modifications".
