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Reliance Industries and Walt Disney are making strategic moves to secure antitrust approval for their $8.5 billion media merger in India. The companies have proposed selling fewer than 10 television channels, including some regional Indian language channels, to address concerns from the Competition Commission of India (CCI). However, they are resisting any changes to the cricket broadcast rights they currently own. The companies have previously argued that the merger would not be anti-competitive, but are offering these concessions to expedite the approval process.
Reliance and Disney offer concessions to secure antitrust approval for India media merger Read : https://t.co/1aXntMI23G . . . #Amazon | #zee | #sony | #netflix | #disney | #RelianceIndustries | #business | #BusinessNews | #businessupdate | #RepublicTV | #RepublicWorld
#Reliance, #Disney said to have offered concessions to win antitrust nod for #India #media merger https://t.co/rHVhHT35GC
As Reliance and Disney’s merger in India draws closer, the companies have offered to sell some channels off to alleviate antitrust issues. The duo aren't willing to sell more than 10 channels or meddle with cricket broadcast. @ditipujara writes: https://t.co/QX2AyexVQl
