By: Sahil Patel
Disney has agreed to form a joint venture with Indian billionaire Mukesh Ambani’s Reliance Industries to merge its Star India business with Reliance’s Viacom18. The combined company, which will include Disney-owned TV networks and its Disney+ Hotstar streaming service in India as well as Viacom18’s networks and rival streaming service, is valued at about $8.5 billion on a post-money basis, the