Deals
Disney, Reliance Said to Ink Binding India Media Merger Pact
- Ambani unit, affiliates to hold at least 61% of the new entity
- Announcement on the deal, details expected in next few days
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Walt Disney Co. and Reliance Industries Ltd. have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most-populous country.