European Commission Greenlights Reliance-Disney Joint Venture Deal

Disney and Reliance Industries have received the European Commission's approval for their joint venture deal in India.

The deal will see Reliance acquire a 50% stake in Disney's Indian subsidiary, Star India.

The European Commission has approved the joint venture deal between Reliance Industries and Disney in India. The deal will see Reliance acquire a 50% stake in Disney's Indian subsidiary, Star India.

The deal has been in the works for over a year and was finally approved by the European Commission on July 27, 2023. The deal is expected to close in the coming months.

The joint venture will create a powerful media and entertainment company in India. Reliance is one of India's largest conglomerates, with interests in energy, telecommunications, and retail. Disney is one of the world's largest media and entertainment companies, with a vast portfolio of content and brands.

The joint venture will give Reliance access to Disney's content and brands, which will help it to compete with other media and entertainment companies in India. Disney will gain access to Reliance's distribution network and customer base, which will help it to expand its reach in India.

The deal is expected to benefit both companies and is a major step in the development of India's media and entertainment industry.