Breaking Reliance to announce mega media merger

[Jagadeesh]

Mukesh Ambani to unveil mega media restructuring, all cos to get merged into Network 18..

After streamlining its various digital and online properties, Reliance Industries is restructuring its sprawling media opereations by merging three group entities --- Television 18 Broadcast Ltd, Hathway Cable and Datacom Limited and Den Networks -- with flagship Network 18 Media and Investments, people aware of the development said.

The boards of these companies met on Monday to clear the proposal, added the people mentioned above.

Sony is currently engaged in negotiating with Reliance Group to merge their entertainment businesses to create a larger general entertainment company. Those discussions are independent of Monday's restructuring, said the sources mentioned above.

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Mukesh Ambani to unveil mega media restructuring, all cos to get merged into Network 18

 

[Sagarji]

If Sony deal happens, they together (Colors and Sony) will have strong Hindi and Regional Content + OTT presence.

 

[coolwater0055]

If it happens, who will have the controlling stake Sony or Network 18 .. let's see

 

[Raju lal]

If Sony join hands with Reliance, it may become Sony Pictures Network 18(SPN 18). But Viacom's decision is unknown. It's doubtful that they stand under same umbrella.

 

[Sagarji]

If it happens, who will have the controlling stake Sony or Network 18 .. let's see

I guess Sony will take only a stake in this merged entity.

 

[Aksgr]

I guess Sony will take only a stake in this merged entity.

I think it will not buy stakes in network 18 but sell stakes

 

[Aksgr]

Is this announced ?
Or yet in confirmation?
And what is Feb 1st 2020 had to do it's already the date passed.
When will this media entity come to existence