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India's antitrust body, the Competition Commission of India (CCI), has issued a warning regarding the proposed $8.5 billion merger between Reliance and Walt Disney's media assets in India. The CCI's initial assessment suggests that the merger could harm competition, particularly due to the combined entities' dominance over cricket broadcast rights. This development poses a significant setback for the merger, which aims to create India's leading entertainment entity. The scrutiny focuses on how the merger could potentially disadvantage rivals in the media and entertainment sector.
India's antitrust body found that a $8.5 billion merger between Reliance and Walt Disney threatens competition — particularly related to both parties' combined power over cricket broadcast rights. The merger aimed to create India's top entertainment entity https://t.co/kZw2Pw0PrZ https://t.co/qsltegVmGb
India's antitrust body reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights, sources told @Reuters https://t.co/fXbOfEMN3O https://t.co/nBYEzKtzXL
Reliance, Disney Merger Will Hurt Rivals, Warns Antitrust Body: Report https://t.co/njloACRVSP https://t.co/23fAmukOEv
