Competition Commission of India has asked companies to explain within 30 days why probe should not be ordered. Antitrust experts had warned the merger could face intense scrutiny.
Star India was to license TV broadcasting rights for ICC events to Zee for 4 years, starting this year. Zee, however, quit $1.4 bn deal after missing its first $200 mn payment.
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.
Disney also announced it would launch ad-supported streaming in Europe, Canada and provide US subscribers with a new, ad-free package in coming months.
Disney & Florida Governor have been locked in battle, when its then-CEO, Bob Chapek, criticized the legislation that would limit discussion of gender identity, sexuality in schools.
Murdoch and Shankar previously worked together at Star India, which became the country’s largest media company before Walt Disney’s takeover of a swath of 21st Century Fox’s assets.
This 750-acre property is styled like a frontier campground and includes stand-alone cabins that don’t share ventilation systems to help contain Covid cases.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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