Tag Archives: merger

In an unexpected turn of events amid the rumored merger between Reliance's JioCinema and Disney's Hotstar, a Delhi-based developer has acquired the domain name "JioHotstar." This acquisition comes as speculation mounts about the impending consolidation of the two media giants, which is reportedly nearing completion following necessary regulatory approvals.

The Competition Commission of India (CCI) has raised significant concerns about the proposed $8.5 billion merger between Reliance Industries and Walt Disney’s media assets, according to a Reuters report. The CCI's initial assessment suggests that the merger could adversely affect competition, particularly due to the combined entity’s dominance over cricket broadcast rights.

In a significant development for the aviation industry, the National Company Law Tribunal (NCLT) has granted approval for the merger of Air India and Vistara, marking a pivotal step towards the formation of one of the world's largest airline conglomerates. The post-merger entity will witness Singapore Airlines holding a 25.1% stake in Air India, following the announcement of the merger in November 2022.

In a significant development, Donald Trump's social media company, Truth Social, is poised to go public after Digital World Acquisition Corporation (DWAC) shareholders approved a merger with Trump Media & Technology Group, the parent company of Truth Social. With Trump holding 58.1% of the stock and DWAC's per-share value standing at $40, the former President could potentially earn nearly $3 billion from this deal.