Paramount Global's recent sale of its 13.01% stake in Viacom18 to Reliance Industries has allowed the company to exit its Indian joint venture with a profitable return on investment. Paramount fully divested from Viacom18 for ₹4,286 crore, while continuing content licensing agreements. The transaction is expected to close by the end of 2024 or early 2025, pending regulatory approval. The merger agreement between RIL, Walt Disney's Star India, and Viacom18 will impact the ownership structure, with RIL and Viacom18 set to hold a majority stake in the proposed merged entity. Read The Rest at :
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