CCI approves $8.5 billion worth of Disney-Reliance media assets merger

The Competition Commission of India (CCI) has approved the $8.5 billion merger between Reliance Industries Limited (RIL) and Disney’s Indian media assets. The merger, subject to specific voluntary modifications, will create a new joint venture (JV) combining key media and entertainment assets.

Under the agreement, Reliance Industries will hold a 16.35% stake in the JV, Viacom18 will hold 46.82%, and Disney will retain a 36.84% stake. This merger will integrate Disney’s media assets in India with Reliance’s existing media operations, including those through its subsidiary, Viacom18.