CCI warns merger will hurt rivals
Business Standard|August 21, 2024
The Competition Commission of India (CCI) has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights, four sources told Reuters on Tuesday.

It is the biggest setback so far to the planned Disney-Reliance merger which aims to create India's biggest entertainment player which will compete with Sony, Zee Entertainment, Netflix and Amazon with a combined 120 TV channels and two streaming services.

The CCI has privately warned Disney and Reliance through a notice in which it has shared its concerns about their grip over rights to broadcast the favourite sport of the world's most populous country, one of the sources said.

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