RIL-Disney to divest seven channels, won't bundle ad slots for cricket

Reliance Industries and Walt Disney are merging their media assets in an $8.5-billion deal. They will sell seven TV channels and unbundle ad slots for major cricket events to address antitrust issues. The merger is set to finalize in early November, creating India's largest entertainment company with Nita Ambani and Uday Shankar as the leaders.
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