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Reliance and Disney agree to merge their media businesses

Reliance and Disney agree to merge their media businesses

Reliance Industries Limited (RIL) and The Walt Disney Company have signed a binding agreement to combine their media operations in India as part of a major entertainment deal, Bloomberg reports. Under the agreement, Reliance’s media division and its affiliates will own at least 61% of the combined company, with Disney holding the remainder. Disney has…

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