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Reliance and Disney merge India media businesses to launch $8.5B joint venture

Reliance and Disney merge India media businesses to launch .5B joint venture

Image Credits: Alex Davidson / ICC / Getty Images Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the world’s most populous nation. Reliance, which will control the joint venture, directly owns 16.34% of the merged entity, which it has valued at $8.5 billion. Disney …

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viacom: Paramount realises $168 million in non-cash gain from Viacom18 stake dilution

viacom: Paramount realises 8 million in non-cash gain from Viacom18 stake dilution

Paramount Global has realised non-cash gain of $168 million for the quarter ended June from dilution of its stake in Indian media conglomerate Viacom18, the company said in its quarterly regulatory filing recently. In April, the company’s stake in Viacom18 dropped to 13% from 49% following a strategic transaction that saw Reliance Industries Limited (RIL) …

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