Indian regulator approves merger of Disney and Reliance Entertainment

The deal, announced in February, will combine the entertainment businesses of Viacom18, part of billionaire Mukesh Ambani's Ril group, with Star India Private Limited (Sipl), a wholly owned Disney subsidiary. Following the transaction, Sipl will become a joint venture between Ril, Viacom18 and existing Twdc subsidiaries.

Ril, a diversified conglomerate founded by billionaire Mukesh Ambani, brings its media and entertainment portfolio. Viacom18's assets include television broadcasting, …