Reliance-Disney $8.5 billion merger ahead: RIL wins I&B Ministry’s approval for transfer of channels

Reliance-Disney merger: The Ministry of Information and Broadcasting, on Saturday, September 28, gave its approval to Mukesh Ambani-led Reliance Industries for the transfer of channels ahead of the $8.5-billion merger with Disney. The approval was given for the transfer of licenses relating to non-news and current affairs television channels. As part of the move, the channels held by Viacom 18 Media Pvt Ltd will be transferred to Star India Pvt Ltd.