{"id":849550,"date":"2024-08-29T11:01:35","date_gmt":"2024-08-29T05:31:35","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=849550"},"modified":"2024-08-29T11:01:53","modified_gmt":"2024-08-29T05:31:53","slug":"cci-approves-8-5-billion-worth-of-disney-reliance-media-assets-merger","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/29\/cci-approves-8-5-billion-worth-of-disney-reliance-media-assets-merger\/","title":{"rendered":"CCI approves $8.5 billion worth of Disney-Reliance media assets merger"},"content":{"rendered":"<p>The Competition Commission of India (CCI) has approved the $8.5 billion merger between Reliance Industries Limited (RIL) and Disney\u2019s Indian media assets. The merger, subject to specific voluntary modifications, will create a new joint venture (JV) combining key media and entertainment assets. <\/p>\n<p>Under the agreement, Reliance Industries will hold a 16.35% stake in the JV, Viacom18 will hold 46.82%, and Disney will retain a 36.84% stake. This merger will integrate Disney\u2019s media assets in India with Reliance\u2019s existing media operations, including those through its subsidiary, Viacom18.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) has approved the $8.5 billion merger between Reliance Industries Limited (RIL) and Disney\u2019s Indian media assets. The merger, subject to specific voluntary modifications, will create a new joint venture (JV) combining key media and entertainment assets. Under the agreement, Reliance Industries will hold a 16.35% stake in the JV, Viacom18 will hold 46.82%, and Disney will retain a 36.84% stake. This merger will integrate Disney\u2019s media assets in India with Reliance\u2019s existing media operations, including those through its subsidiary, Viacom18.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,4,12],"tags":[],"class_list":["post-849550","post","type-post","status-publish","format-standard","hentry","category-broadcasting-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849550","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=849550"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/849550\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=849550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=849550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=849550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}