Mega Media Merger: CCI Approves $8.5 Bn Reliance-Disney India Merger

India's competition watchdog has approved Reliance Industries Ltd's Rs Rs 70,350-crore merger with Disney's Indian media assets, subject to certain voluntary modifications, setting the stage for a media powerhouse.
"Commission approves the proposed combination involving Reliance Industries Ltd, Viacom18 Media Pvt Ltd, Digital18 Media Ltd, Star India Pvt Ltd and Star Television Productions Ltd, subject to the compliance of voluntary modifications," the Competition Commission of India (CCI) said in a post on X platform.
The voluntary modifications pledged by the parties will lead to swift regulatory approval, said Dharmendra Kumar, former chairperson of the CCI.
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