💨 Abstract

Reliance Industries, Viacom18, and The Walt Disney Company have announced the merger of their media and JioCinema businesses into Star India, following regulatory approvals. Reliance has invested Rs 11,500 crore ($1.4 billion) into the joint venture, valued at Rs 70,352 crore ($8.5 billion). The JV is controlled by RIL, owned 16.34%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖