Reliance-Disney joint venture deal gets European Commission approval

The European Commission has approved the establishment of a joint venture, Star India, between Reliance Industries Ltd (RIL), The Walt Disney Company (TWDC) and BTS Investment 1, which is controlled by James Murdoch, son of media mogul Rupert Murdoch and media executive and entrepreneur Uday Shankar.

According to The Economic Times, the Commission determined that the transaction does not present competitive concerns due to the joint venture’s minimal presence in the European Economic Area and the limited market share held by the partnering companies.