According to people familiar with the situation, the merger of Walt Disney’s Star India and Reliance Industries Limited’s (RIL) Viacom18 is expected to be formally completed in early November after regulatory clearances in India.
The $8.5 billion merger will result in the creation of India’s largest and most influential media and entertainment empire. Viacom18 will provide Star India its assets as part of the merger agreement; Star India will run the business after the merger.
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