Grapevine: Reliance, Disney ink term sheet for media merger; SoftBank cuts FirstCry stake

By Sreeja Biswas

  • 26 Dec 2023
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Credit: VCCircle

Reliance Industries Ltd and Walt Disney Co have signed a non-binding term sheet to merge their India media and entertainment operations, a media report said.  Billionaire Mukesh Ambani-led Reliance aims to complete the merger process by the end of January, subject to regulatory approvals, The Economic Times reported, citing people aware ......

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