Reuters Reported Reliance, Disney Offer To Sell Some TV Channels To Win India Antitrust Approval For $8.5B Media Merger; Said India Antitrust Body Cricket Rights Can't Be Sold; Citing Sources
Portfolio Pulse from Benzinga Newsdesk
Reliance and Disney have proposed selling some TV channels to gain antitrust approval for their $8.5 billion media merger in India. However, the Indian antitrust body has stated that cricket rights cannot be sold.
August 13, 2024 | 11:36 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The iShares MSCI India ETF (INDA) may be indirectly impacted by the proposed $8.5 billion media merger between Reliance and Disney, as it could affect the Indian media landscape.
While the merger could influence the Indian media sector, the direct impact on INDA is less certain and likely to be neutral in the short term.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Disney is involved in a proposed $8.5 billion media merger with Reliance in India. To gain antitrust approval, they have offered to sell some TV channels, although cricket rights cannot be sold.
The sale of TV channels could help Disney secure regulatory approval for the merger, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100