The Competition Commission of India (CCI) has made a preliminary determination that the proposed $8.5 billion merger between Reliance and Walt Disney's media assets in India could adversely affect competition, according to four sources who spoke to Reuters. The main concern revolves around the combined entity's control over cricket broadcasting rights.
This marks the most significant hurdle to date for the planned Disney-Reliance merger, which aims to create the largest entertainment company in India. The resulting entity would rival Sony, Zee Entertainment, Netflix, and Amazon, boasting a portfolio of 120 TV channels and two streaming platforms.
