RIL-Disney merger: Significant progress made as NCLT admits merger scheme
By Staff Writer in Media News on Wednesday, 22nd May 2024 at 8:56pmThe merger between Reliance Industries Limited (RIL) and Disney, involving Viacom18 and Star India, has made significant progress with the National Company Law Tribunal (NCLT) taking the first step towards the union by admitting the merger scheme, a Livelaw.in report stated. Â
This approval marks the first in a series of regulatory and procedural steps needed to finalize the merger, which is expected to conclude by early 2025, according to the Walt Disney Company. Â
An attempt create a media powerhouse in India combining the strengths of Viacom18's extensive network and digital platforms with Star India's vast content library, including the popular Disney+ Hotstar, this joint venture is expected to be controlled by RIL, which will hold a 16.34% stake,...
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