#Reliance
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Reliance And Disney Confirm Merger of Media Business in India
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In an official confirmation, Reliance Industries and Disney has signed a joint venture combining their media business in India. This joint venture is valued at $8.5 billion. The former chairman of Disney India, Mr. Uday Shankar will act as the strategic advisor and the VC for this merger while Mrs. Nita Ambani will be the chairman for the newly formed joint venture.
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