India's antitrust watchdog has warned staff in an internal memo not to share any information with the media when they are not authorized to do so, citing a 60-year-old rule that prohibits such interactions, a document shows.
On Tuesday, Reuters reported the CCI had reached an initial assessment that the $8.5 billion Indian merger of Reliance and Disney media assets harms competition due to their power over cricket broadcast rights, and had been sent a warning notice.
India's antitrust watchdog has warned staff in an internal memo not to share any information with the media when they are not authorized to do so, citing a 60-year-old rule that prohibits such interactions, a document shows.
On Tuesday, Reuters reported the CCI had reached an initial assessment that the $8.5 billion Indian merger of Reliance and Disney media assets harms competition due to their power over cricket broadcast rights, and had been sent a warning notice.
My take: This merger will be completed smoothly. These news are just a paper work done by the government for answers in future that we followed the due process.
My take: This merger will be completed smoothly. These news are just a paper work done by the government for answers in future that we followed the due process.
RIL and Disney, which are seeking to complete the merger by October, have been scouting for ways to assuage the regulator's concerns about the potential impact of the merger on the Indian media and entertainment (M&E) industry.
RIL and Disney, which are seeking to complete the merger by October, have been scouting for ways to assuage the regulator's concerns about the potential impact of the merger on the Indian media and entertainment (M&E) industry.