Disney’s $8.5 Billion India Reliance Merger Goes Through
BENGALURU, (REUTERS) – Walt Disney Co and Reliance Industries won approval on August 28 for an $8.5 billion merger of their Indian media assets after assuaging regulatory worries about their grip on broadcasting rights for cricket, India’s favorite sport.
The Competition Commission of India (CCI) said the deal had been approved subject to modifications submitted voluntarily by the companies, without sharing further details. A detailed order will be issued in the coming days, clearing what was seen as the biggest hurdle for the deal.
To get the merger over the line, the two companies have offered concessions, including a commitment to not raise advertising rates unreasonably for streamed cricket matches, and to sell 7-8 non-sports TV channels, a source familiar with the matter said.















