India’s Competition Regulator Greenlights $8.5 Billion Reliance-Disney Mega Merger
India’s competition watchdog has given provisional approval to an $8.5 billion (£6.43 billion) merger between Disney and Reliance Industries, setting the stage for the creation of India’s largest entertainment conglomerate. The merger, in which Mukesh Ambani’s Reliance Industries will hold a majority stake, is poised to reshape the nation’s entertainment landscape, putting the new entity…