Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday. The companies will be combining their respective Star India and Viacom18 units into the newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding synergies.

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Channel News Asia

Singapore

Reliance, Disney to merge India media assets to create $8.5 billion powerhouse

It is combining forces with Reliance Industries, owned by Mukesh Ambani - Asia's richest man.

Ad Fontes Media

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BBC News

Government of the United Kingdom

United Kingdom

Disney plans $8.5bn merger for ailing India unit

Reliance and Disney merge media operations in India, creating a ₹70,000 crore entity with Nita Ambani as head.

The Hindu

The Hindu Group

India

Disney, Reliance to merge India media operations to create ₹70,000-crore behemoth

The media undertaking of Viacom18 will be merged into Star India Private Limited through a court-approved scheme of arrangement.

Hindustan Times

HT Media

New Delhi

Delhi

Reliance, Disney announce media assets merger, Nita Ambani to chair venture

Disney is joining forces with Asia’s richest man to create a new media giant in India that says it will reach a domestic audience of more than 750 million people.

Warner Bros. Discovery

Atlanta

Fulton County

Georgia

United States

Disney, Ambani’s Reliance create new India media giant with 750 million viewers

NEW DELHI/LOS ANGELES :India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation.Reliance, led by Asia's richest man Muke

Government of Singapore

Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday.

CNBC

Roberts family

Disney and Reliance to merge media businesses in India in $8.5 billion joint venture

Disney will team with the Indian conglomerate as a way to stem its streaming operation losses in the country.

Los Angeles Times

Patrick Soon-Shiong

Los Angeles

Los Angeles County

California

Disney merges India media business with Reliance venture in $8.5 billion deal

Disney and Reliance agree an $8.5 billion deal to merge their Indian TV and streaming businesses.

Variety

Penske Media Corporation

Disney, Reliance Seal $8.5 Billion Deal to Merge Indian Media Businesses

Disney and Reliance have announced an anticipated deal in India to merge their respective digital streaming and television assets, creating “a world class leader across entertainment and sports,” the companies said today.  
	Disney anticipates up to $2.4 billion in charges for the March quarter, reflecting a write-down of the net assets of Star India, and of removing the assets from its entertainment linear networks ahead of the deal closing wit…

Deadline

Disney And Reliance Clinch Joint Venture In India

Indian billionaire Mukesh Ambani has signed a binding agreement with Walt Disney Co. to form an $8.5 billion media giant through a merger of their operations in the country, securing a dominant position in one of the world’s fastest-growing entertainment markets.

Disney, Reliance Seal $8.5 Billion Deal to Merge Indian Media Businesses

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