Mukesh Ambani's Reliance signs a merger pact with Walt Disney

Mukesh Ambani's company Reliance and American company Walt Disney will now work together in India. It is reported that after mutual agreement both the companies have decided to merge it in India.

Reliance will have a 61% stake in this merger

Let us tell you that the discussion about this merger started when a report in the Wall Street Journal last month said that Disney has agreed to sell 60 percent of its Indian business to Viacom18 at a valuation of $3.9 billion. According to news agency Bloomberg, after this merger, the stake of Reliance Industries will be 61 percent and the remaining stake will be with Disney. If reports are to be believed, discussions on this merger have been going on for a long time.

What could be the reason behind this merger?

The reason behind this merger has been said to be the tough competition in India. One reason for this can also be considered in 2022, Reliance defeated Disney to win the streaming rights of the Indian Premier League (IPL). And in April, Warner Bros. Discovery Inc. also secured a multi-year agreement to broadcast HBO shows.

For your information, let us tell you that till now both parties have not made any official announcement regarding signing the deal of this merger. But if Bloomberg's report is to be believed, the deal is expected to be publicly announced this week.

Ayushi Sinha

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