Tuesday, February 27, 2024

Mukesh Ambani will take over 100 channels of the country, is going to make the biggest deal

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Mukesh Ambani’s talks with Disney advanced

Mukesh Ambani is going to be the biggest name in the Indian media industry. As soon as a deal is made, Mukesh Ambani will have more than 100 channels and two streaming platforms in his hands. If experts are to be believed, the merger of Mukesh Ambani’s Reliance Industries and Walt Disney is considered almost certain. Talks between the two companies have reached advanced level. The merger of Star India and Viacom18 includes more than 100 TV channels and two streaming platforms. If this merger happens, it will be the biggest merger ever in the media industry.

Who will have how much share?

Reliance’s stake in the Star-Viacom18 merger unit may exceed 51 percent. On the other hand, Disney’s stake will be 40 percent. The stake of Uday Shankar and James Murdoch’s Bodhi Tree Systems in the merged unit may be 7-9 percent. According to the information, Reliance can invest additional capital in the merger unit so that this new company can be prepared as a direct subsidiary company. Star and Viacom18 had generated a combined revenue of Rs 25,000 crore in the financial year ending March 31, 2023.

Apart from TV and digital properties, the joint unit will also have the rights to the Indian Super League and Pro Kabaddi League. A top official associated with the matter said that adjusting the loss from cricket rights and the decline in the customer base of Disney + Hotstar, Reliance has estimated the valuation of Star India at $ 4 billion, due to which the joint unit valuation became $ 8 billion. Is.

There was a rise in the shares of Reliance

A rise in the shares of Reliance Industries was also seen on Friday. The company’s shares had jumped more than 3 percent during the trading session. After the market closed, the company’s shares closed at Rs 2914.75 with a rise of 2.18 percent i.e. Rs 62.05. The company’s shares had reached life time at Rs 2,949.90. The company’s shares may cross the level of Rs 3000 on Monday. Also, the market cap of the company can cross Rs 20 lakh crore, in which only Rs 28 thousand crore is left.

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