Viacom18 & Star India merger facing delays?
The anticipated merger of Star India and Viacom 18 may face delays as the Competition Commission of India (CCI) requires additional time for thorough scrutiny. ET Now reports that the delay stems from the need for a more detailed examination of Form 2, a comprehensive document required for such significant business combinations.
Last month, Reliance Industries Limited (RIL)-owned Viacom 18 and Walt Disney’s Star India submitted a combination notice to the CCI, seeking regulatory approval for their merger deal. This merger aims to create India’s largest media and entertainment business, boasting an impressive valuation of $8.5 billion.
In February 2024, both companies agreed to merge their respective entities, a move that has been closely watched by industry analysts and stakeholders. The merger promises to reshape the landscape of Indian media and entertainment, combining the strengths of two of the most prominent players in the industry.
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