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Disney, Reliance In Final Phase Of Media Merger As Negotiation Deadline Ends This Week

Inc42 · 11m

Walt Disney and Reliance Industries are in the final stages of their stock-and-cash merger, which would create India's largest media and entertainment business. Under the proposed terms, Viacom18 would become the largest individual shareholder in the merged entity, with a stake of 42-45%. Reliance Industries is expected to inject up to $1.5 billion in cash into the new entity and hold a 60% ownership, while Walt Disney would retain a 40% stake. The deal is set to include Jio Cinema, a subsidiary of Viacom18.