.
MergerLinks Header Logo

New Deal


Announced

Reliance Industries to acquire a 13% stake in Viacom18 from Paramount Global for $517m.

Financials

Edit Data
Transaction Value£404m
Consideration TypeCash
Capital Owned57%
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Entertainment

India

entertainment

Acquisition

Domestic

Minority

Private

Friendly

Single Bidder

Pending

Synopsis

Edit

Reliance Industries, an Indian multinational conglomerate, agreed to acquire a 13% stake in Viacom18, an Indian media company, from Paramount Global, an American multinational mass media and entertainment conglomerate, for $517m. The move follows Disney announcing plans to merge its India business with Viacom18 late last month. The two firms said their merger will create a joint venture that they value at $8.5bn.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US