SONY - Reliance Disney Engage Legal Teams & Begin Antitrust Due Diligence For Indian Media Merger: Report | Benzinga
Indian billionaire Mukesh Ambani's Reliance Industries Limited and Walt Disney Co (NYSE: DIS) are reportedly advancing in their discussions to merge their Indian media and entertainment divisions by beginning an antitrust due diligence.
Reliance has engaged Indian law firm Khaitan & Co and Shardul Amarchand Mangaldas for the merger's legalities, while Disney has partnered with AZB & Partners, reported Reuters.
The appointments signal significant progress in the negotiations, which include a major streaming service and a total of 120 television channels between the two companies, the report noted.
The report indicates that senior executives from Disney's ...