- MERGER TO CREATE MEDIA GIANT
The media unit of Reliance, controlled by Mukesh Ambani, and its affiliates are expected to own at least 61% in the merged entity, with Disney holding the rest, the people said, asking not to be identified as the information is not public. The latest milestone, along with other details, are likely to be announced early this week, the people said.
A Disney representative declined to comment. A Reliance spokesperson didn't immediately respond to a query on the signing of the binding pact.
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