The two companies are willing to sell “fewer” than 10 channels to address the concerns of the CCI over the market power of the combined entity
The companies are arguing before the CCI that nothing can be done on cricket rights
Pegged at $8.5 Bn, the merger of Reliance and Walt Disney’s Indian media assets will create a new entity that will host over 100 TV channels and two streaming platforms – Disney+ Hotstar and JioCinema
Reliance-owned Viacom18 and Star India have reportedly offered to offload some of their television channels in a bid to fast track antitrust approval for their $8.5 Bn merger.
Reuters reported citing sources that the two companies are willing to sell “fewer” than 10 channels to address concerns of the Competition Commission of India (CCI) over the market power of the combined entity.