{"id":849173,"date":"2024-08-28T18:11:40","date_gmt":"2024-08-28T12:41:40","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=849173"},"modified":"2024-08-29T08:08:34","modified_gmt":"2024-08-29T02:38:34","slug":"competition-commission-of-india-clears-merger-of-reliance-industries-media-assets-with-walt-disney","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/28\/competition-commission-of-india-clears-merger-of-reliance-industries-media-assets-with-walt-disney\/","title":{"rendered":"Competition Commission of India clears merger of Reliance Industries&#8217; media assets with Walt Disney"},"content":{"rendered":"<p>Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country&#8217;s largest media empire. <\/p>\n<p>The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties. <\/p>\n<p>In a post on X, the regulator said it has cleared the &#8220;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&#8221;. <\/p>\n<p>The CCI, however, did not disclose voluntary modifications in the original deal made by the two parties. <\/p>\n<p>Under the deal, Reliance and its affiliates will hold a 63.16 per cent stake in the combined entity that will house two streaming services and 120 television channels. <\/p>\n<p>Walt Disney will hold the remaining 36.84 per cent stake.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Competition Commission of India on Wednesday said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country&#8217;s largest media empire. The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties. In a post on X, the regulator said it has cleared the &#8220;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&#8221;. The CCI, however, did not disclose voluntary modifications in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-849173","post","type-post","status-publish","format-standard","hentry","category-broadcasting"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=849173"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849173\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=849173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=849173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=849173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}