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Monday, 11 November 2024

Bizasia: Merger between Viacom18 & Disney Star India expected to conclude early next week

Story from BizAsia:

The highly anticipated merger between Reliance Industries’ Viacom18 and Walt Disney’s Star India is expected to reach completion by early next week.

According to The Financial Express India, the year-long process is likely to conclude by Monday. This massive $8.5 billion merger will bring together over 100 channels and two streaming platforms, merging popular networks like Star Plus and Colors and uniting digital platforms Disney+ Hotstar and JioCinema.

Sources indicate that the official announcement of the merger will follow a board meeting on Monday, chaired by Nita Ambani. The new entity will operate under the name Star India, with Reliance holding a 56% stake, Disney a 37% share, and Bodhi Tree Systems retaining a 7% stake in the combined company.

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