CCI greenlights Rs 70,350-crore Reliance-Disney India merger

India's competition watchdog has approved Reliance Industries Ltd's Rs 70,350-crore merger with Disney's Indian media assets, subject to certain voluntary modifications, setting the stage for a media powerhouse.

The voluntary modifications pledged by the parties will lead to swift regulatory approval, Dharmendra Kumar, former chairperson of the CCI, Ltd, told in an interview.

Disney-Star holds the exclusive digital and TV rights to ICC events from 2024 to 2027 and IPL broadcasting rights from 2023 to 2028), while Jio has secured IPL streaming rights.