Mega-merger: Reliance Industries, Walt Disney to divest seven channels; not to bundle ad slots for cricket events

Reliance Industries and Walt Disney will divest seven TV channels and ensure that the sale of advertisement slots for cricketing events are not bundled as part of the measures approved by the Competition Commission for the merger of the two groups’ media assets that will create a Rs 70,000 crore media behemoth.

Nearly two months after announcing that the mega deal has been cleared, the Competition Commission of India (CCI) on Tuesday published the detailed 48-page order that lists the various remedial measures in place to address possible anti-competitive post-merger.