Reliance, Disney complete transaction for $8.5-billion merger deal to create India’s largest media powerhouse

Reliance-Disney merger deal: Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL), its step-down unit Viacom18 Media Pvt Ltd, and Walt Disney Company announced the completion of the transaction on Thursday, November 14, to form a joint venture (JV) valued at ₹70,532 crore ($8.5 billion) to create India’s largest media and entertainment powerhouse.