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Disney and Reliance Secure Approval for $8.5 Billion Merger, Set to Form India’s Largest Entertainment Company

Walt Disney Co. and Reliance Industries have secured regulatory approval for an $8.5 billion merger of their media assets in India, paving the way to establish the country’s largest entertainment powerhouse. * Viacom18, primarily owned by Reliance, operates 40 television channels, including well-known brands like Comedy Central, Nickelodeon, and MTV. * Viacom18 holds the broadcasting rights for domestic and international…