Mukesh Ambani’s Reliance is buying Paramount Global’s 13% stake in Viacom18 for $517 million as Asia’s richest man broadens his entertainment business just weeks after striking a multibillion dollars deal with Disney. The new deal will increase Reliance’s stake in Viacom18, which operates dozens of TV channels as well as streaming service JioCinema, to 70.49%, […]
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Source : Reliance buys Paramount’s stake in Indian media Viacom18 for $517 million
