- Reuters
Reliance, Disney seek India antitrust nod with cricket rights assurance, sources say
Reliance Industries and Walt Disney have sought antitrust clearance for their $8.5 billion India media merger by arguing their combined power, especially on cricket broadcasting, will not hit advertisers, two people with direct knowledge told Reuters. The deal, announced in February, has been expected by experts to face intense scrutiny as it will create India's biggest entertainment player with 120 TV channels and two streaming services. Reliance and Disney have told the Competition Commission of India (CCI) the cricket rights were obtained separately under a bidding process which was competitive, said the two sources, who declined to be named as the approval process is confidential.
- Motley Fool
Best Stock to Buy Right Now: Amazon vs. Disney
Both stocks are beating the market this year.
- Bloomberg
Disney Is Said to Sell Stake in Tata’s India TV Platform
(Bloomberg) -- Walt Disney Co. has struck a deal to sell its minority stake in a subscription television broadcaster to Tata Group, people familiar with the matter said, allowing the US media giant to focus on the merger of its Indian unit with billionaire Mukesh Ambani’s media arm.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashUS Justice Depar
