Reliance and Walt Disney Announce Merger of Media Assets in India

Wednesday, 28 February 2024, 13:38

Reliance, headed by Mukesh Ambani, Asia's wealthiest individual, revealed plans to invest $1.4 billion in the consolidation, resulting in a majority stake of over 63% for the company and its associates. This move signifies a strategic alignment in the Indian media landscape between the conglomerate and the renowned entertainment giant, Walt Disney.
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Reliance and Walt Disney Announce Merger of Media Assets in India

Reliance and Walt Disney's Media Assets Merger in India

Reliance, under the leadership of Mukesh Ambani, will be injecting a substantial $1.4 billion into this alliance, securing a significant stake of more than 63%. The collaboration positions these two industry giants for a strategic convergence in the competitive Indian media sector, emphasizing a new phase of growth and influence.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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