Disney has engaged six firms to advise on its $8.5 billion merger with India's Reliance, a move seen as accretive for Reliance Industries Limited (RIL) by @soumeet_sarkar. The merger, described by insiders as creating an unparalleled Indian media behemoth, has Mukesh Ambani, Bob Iger, and Uday Shankar at its core, with reports by @Harveen_A highlighting Shankar's pivotal role. The partnership between Disney and Reliance is viewed as a strategic move to avoid the negative perception of a quick sale at a lower valuation. This merger, expected to reshape the Indian media landscape, faces potential challenges including antitrust concerns, particularly regarding cricket broadcasting rights. The merger is seen as a 'Post-Quake Route Forward for Indian Media', indicating its significance in the industry's recovery and future.
Grip over cricket may lead to antitrust heat in Disney-Reliance India merger https://t.co/EBy71yz76X https://t.co/fVEjCjc9D5
Disney-Reliance Merger: Post-Quake Route Forward for Indian Media Becomes a Fight for Value and New Allies https://t.co/Bga0jtZA3X
Selling a business so quickly and at a much lower valuation would have painted a narrative that Disney screwed up badly. In Mukesh Ambani and Uday Shankar it found a willing, comfortable partner. By @Harveen_A Read more at: https://t.co/rczncGFIQx
Mukesh Ambani and Bob Iger have decided to bring together Reliance and Disney and create an unparalleled Indian media behemoth. The man at the center of it all is Uday Shankar. By @Harveen_A. Read the article at: https://t.co/rczncGFIQx
Disney Deal Value Accretive For RIL https://t.co/NOMVm82HKG @soumeet_sarkar
Six Firms Engaged to Advice on Disney's $8.5B Merger with India's Reliance https://t.co/hkqFt7GWD6