Disney India to Merge with Viacom18, Reliance Takes Lead • Benzinga

Disney India to Merge with Viacom18, Reliance Takes Lead

Reliance is in talks to merge Disney India's local businesses with Viacom18, eyeing at least a 50% stake in the new entity.

Disney India will retain 40% in the merger; Bodhi Tree aims for 7-9% stake, according to Wall Street Journal.

The merger marks a reunion for James Murdoch and Uday Shankar, former Star India executives, now part of Bodhi Tree.

Disney India's value has dipped to $4.5 billion, affected by loss of cricket TV rights revenue and streaming challenges.

Swipe up to know what this mega merger means for India's wider media landscape