RIL signs deal with Disney to merge Viacom18 and Star India
The deal, which has been in the works for months, will create a media behemoth across TV broadcasting, streaming, movies and sports. The deal values the joint venture at Rs 70,352 crore ($ 8.5 billion) on a post-money basis, excluding synergies. Post completion of the merger, the JV will be controlled by RIL with 16.34% stake.
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