BENGALURU (Reuters) – India’s competition regulator has approved the $8.5 billion merger of Reliance Industries and Disney’s Indian media assets, subject to certain voluntary modifications, it said in a post on social media platform X on Wednesday.
The Competition Commission of India did not disclose the concessions made.
Disney and Reliance had offered some concessions to secure an the approval for their merger, Reuters reported last week, citing sources.
Reliance-Disney aims to create India’s biggest entertainment player to compete with Sony, Netflix and Amazon with 120 TV channels and two streaming services.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Varun H K and Barbara Lewis)
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