Reliance will infuse $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake. Disney will hold about 37%, the companies said in a joint statement.
The media unit of Reliance, controlled by Mukesh Ambani, and its affiliates are expected to own at least 61% of the merged entity, with Disney holding the rest, the report said.
Wherever the dust settles on the debates, one hopes that organisations will be mindful of the ethical implications of these technologies and deploy them responsibly.
Reliance values Disney's India assets, which comprises the Disney+ Hotstar streaming service and Star India, at between $7 billion and $8 billion, the report said.
Reliance recently launched the JioBook, which costs less than Rs 20,000 and is made in China. If Reliance needs to import even half a million units of this device, it will now require a licence.
The multi-year deal will give JioCinema's premium subscribers access to popular shows such as ‘Downton Abbey,’ ‘Suits’ and ‘The Office,’ the companies said in a joint statement.
The retail fuel joint venture of Reliance and BP is selling diesel at about 1 rupee a litre lower than that of state-run Indian Oil, Hindustan Petroleum and Bharat Petroleum.
The content deal between Reliance's Viacom18 & Warner Bros Discovery could bring in thousands of hours of streaming content onto JioCinema, which is famous for steaming IPL for free.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
COMMENTS