Others · March 13, 2024

Paramount Global to sell stake in India’s Viacom18 to Reliance for over $500M

Paramount Global has reached a binding agreement to sell its stake in Indian media house Viacom18 to conglomerate Reliance for $517.4 million, the most valuable Indian firm disclosed to the local exchange in Mumbai at 2 a.m. Thursday. The deal will increase Reliance’s stake in Viacom18, which operates dozens of TV channels as well as […]

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