JSA provided advisory services to Paramount Global concerning its departure from Viacom18, finalizing the sale of its remaining 13.01% share to Reliance Industries Limited (RIL) for ₹4,286 crores.
Additionally, within this comprehensive deal, RIL and The Walt Disney Company are set to establish a joint venture. This venture will integrate the media operations of Viacom18 with Star India through a court-sanctioned scheme of arrangement.
The agreement, pending regulatory clearance, follows closely after Reliance, led by Mukesh Ambani, finalized a partnership with Disney to combine their streaming and television businesses in India, forming a new entity valued at $8.5 billion.
The upcoming service aims to integrate 120 TV channels along with the streaming platforms JioCinema and Disney+ Hotstar.
The transaction was overseen by team of partners, Lalit Kumar and Bharati Joshi.
If you wish to have your News, Articles, Deals, Columns, or Press Releases showcased on The Courtroom, we kindly invite you to complete the form available through the provided link.
Wow Thanks for this information i find it hard to come up with excellent info out there when it comes to this subject material thank for the guide website