Big wins for billionaire Ambani in Disney tie-up


The merger boosts billionaire Mukesh Ambani’s entertainment ambitions with streaming tech prowess and lucrative cricket rights. — Reuters

A Disney-Reliance assets merger in India will create a media giant far bigger than all its rivals, boosting billionaire Mukesh Ambani’s entertainment ambitions with streaming tech prowess and lucrative cricket rights.

Disney and Reliance on Wednesday put a value on their joint TV and streaming assets business of US$8.5bil. Ambani’s Reliance and its affiliates will own more than 63% of the merged entity, with Disney owning 37%.

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