RIL-Disney India merger worth $8.5 billion receives approval from CCI

Reliance Industries’ entertainment arm Viacom18 and Walt Disney Co’s Indian media assets on Wednesday received competition watchdog Competition Commission of India (CCI)’s approval of their $8.5 billion merger, according to a press release issued by the Press Information Bureau (PIB).

“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,” CCI said in a post on X (formerly Twitter).