Disney and Mukesh Ambani’s Reliance Industries Edge Closer to Massive India TV Deal, Say Reports
variety.comDisney and Reliance Industries have moved closer to a merger of their massive Indian TV and streaming businesses. A combination of the two – which include rival streaming platforms, India’s leading pay-TV platform and over 100 linear TV channels – has the potential to substantially re-shape the Indian media and entertainment scene.
Quoting unnamed sources close to the deal, the Reuters news agency reported on Thursday that the two companies had appointed lawyers to handle potential anti-trust issues that would likely arise.
The agency named both law firms retained. Reuters also said that a non-binding merger term sheet had been signed by the parties at the end of December.
Neither Reliance Industries nor Disney have offered any comment to repeated enquiries from Variety. Disney became one of the largest players in the Indian entertainment field when it bought 21st Century Fox.
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