Reliance Strengthens Media Grip: Acquires 13% Stake in Viacom18

  • Media Expansion: Reliance Industries Ltd. (RIL) has signed a deal to acquire a 13.01% stake in Viacom18 Media Private Ltd. from Paramount Global.
  • Price Tag: The deal is valued at ₹4,286 crore, further solidifying Reliance's presence in the Indian media and entertainment landscape.
  • Existing Partnership: This move follows Reliance's merger with Walt Disney's Indian entertainment assets in February 2024.
  • Content Powerhouse: The combined entity, Viacom18, will boast a vast library of content across television, streaming, and animation.
  • Market Dominance: This acquisition is expected to intensify competition in the Indian media sector, with Reliance emerging as a major player.

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