A Delhi-based application developer has bought and put up the domain “jiohotstar.com” for sale, hoping it would fund his higher education at Cambridge University. The anonymous developer hopes to attract Reliance Industries as a potential buyer, following the conglomerate’s recent merger.
What Happened: The anonymous Delhi-based developer, in a post on the website JioHotstar.com, revealed how he acquired the domain in early 2023. His decision was based on the speculation of a potential merger between Disney+ Hotstar and an Indian competitor after the former lost the IPL streaming rights.
He identified Reliance Industries’ Viacom 18 as a probable merger candidate, considering its extensive resources and prior acquisition of music streaming platform Saavn.
See Also: Hyundai Motors India’s Shares In Red As Parent Reports Lower Q3 Profit
With the recent news confirming the merger, the developer believes his domain could serve as an apt brand name for the newly formed entity. He has extended an invitation to Reliance Industries to buy the domain, stating the sale proceeds would significantly transform his life by enabling him to study at Cambridge University, a dream sparked by his participation in the Cambridge University Accelerate program in 2021.
The Competition Commission of India (CCI) approved the merger of the entertainment businesses of Reliance Industries, Viacom18 Media, and Star India Private Limited. The merger is expected to result in a joint venture between RIL, Viacom18 and existing subsidiaries of The Walt Disney Company, which wholly owns SIPL.
Read Next: Coca-Cola, Pepsi May Launch Budget Drinks To Fend Off Campa’s Growing Market Share: Report
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.