Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday.
Ambani's wife, Nita Ambani, will chair the joint venture, while Viacom18 board member Uday Shankar will serve as vice chairperson.
The transaction remains subject to regulatory, shareholder and customary approvals. The deal is expected to complete in either the last quarter of this year or the first quarter of 2025. Ambani's wife, Nita Ambani, will chair the joint venture, while Viacom18 board member Uday Shankar will serve as vice chairperson.
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