Disney India-Reliance Merger Gets Go-Ahead From Antitrust Watchdog
deadline.comDisney’s merger with Reliance Industries in India is going ahead after the country’s competition authority gave the deal a greenlight.
In a social media post earlier today, the Competition Commission of India (CCI) said the merger could go ahead, “subject to the compliance of voluntary modifications.” No word on what these might be, but last week Reuters reported authorities were concerned about how much of the ultra-lucrative cricket rights the operation would own.
For example, Disney has the linear rights to the Indian Premier League, while Reliance’s JioCinema has the streaming rights.
C-2024/05/1155 Commission approves 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.
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