Reliance Industries Limited and The Walt Disney Company Embark on Antitrust Due Diligence for Proposed Merger in India’s Media & Entertainment Sector
Reliance Industries Limited and The Walt Disney Company have commenced antitrust due diligence for their proposed merger within India’s vibrant media and entertainment landscape. As reported by Reuters, both entities, each wielding substantial influence in the streaming service domain and collectively commanding 120 television channels, are exploring a merger that could establish a commanding presence in India’s entertainment realm, with Reliance anticipated to hold a majority stake.
In pursuit of a comprehensive assessment, Reliance has engaged the services of esteemed Indian law firms Khaitan & Co and Shardul Amarchand Mangaldas, while Disney has enlisted the expertise of AZB & Partners, as reported.
The anticipated scrutiny by regulatory bodies may necessitate asset divestment, such as television channels, to address concerns regarding market influence. While in the nascent stages, this potential merger signifies a monumental shift in India’s TV and streaming landscape.
