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

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

Paramount Global has reached a binding agreement to sell its 13% stake in Reliance-controlled Indian media firm Viacom18 to Reliance for $517 million, both companies said Wednesday. The deal will increase Reliance’s stake in Viacom18, which operates dozens of TV channels as well as streaming service JioCinema, to 70.49%, Reliance said in a disclosure (PDF) […]

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