Viacom18-Star India merger expected to be announced this week
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The huge merger between Viacom18 and Star India is expected to be announced this week.
Reports say that the two companies have already signed a binding agreement. The merger will see Reliance own 61 per cent of the new entity, while Walt Disney will own 33 per cent. 6 per cent of the company will be held by Bodhi Tree Systems.
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The regulatory approvals are expected to be completed imminently, ahead of the IPL series, which kicks off in March.