Latest Placement Classifieds,Free Classified Ads,Buy Sell Classified Ads Market RIL & Disney’s $8.5 billion merger gets CCI nod

RIL & Disney’s $8.5 billion merger gets CCI nod

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The Competition Commission of India has approved the merger of Reliance Industries and Walt Disney India’s media assets, with specific modifications. This merger aims to establish an $8.5-billion entertainment powerhouse to compete with Amazon, Netflix, and Sony Pictures Networks. The companies will divest several TV channels and cap advertisement prices for streamed cricket matches for approval.

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