India's competition panel says Disney, Reliance media merger will hurt rivals

India's competition panel says Disney, Reliance media merger will hurt rivals

FILE PHOTO: FILE PHOTO: Disney and Reliance logos are seen in this illustration taken December 15, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

 India‘s antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights, four sources told Reuters on Tuesday.

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