Viacom18 - Disney merger: MIB approves transfer of non-news channel licenses
By Staff Writer in Media News on Monday, 30th September 2024 at 7:24pmAccording to the Press Trust of India (PTI), The Ministry of Information and Broadcasting has approved the transfer of licenses related to non-news and current affairs TV channels held by Viacom18 to Star India.
The transfer will be subject to the conditions laid down by the Competition Commission of India (CCI).
"The Ministry of Information and Broadcasting, Government of India, vide its order dated September 27, 2024, has granted its approval for transfer of Licenses relating to Non News & Current Affairs TV channels held by Viacom18 Media Private Limited in favour of Star India," the statement read.
The National Company Law Tribunal’s Mumbai bench sanctioned the $8.5 billion merger between Walt Disney’s Star India and Reliance Industries Limited’s Viacom18 earlier this mont...
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