Paramount Global Sells 13% Stake in India’s Viacom18 to Reliance for $517 Million

Paramount Global has sold its 13% ownership stake in TV and streaming company Viacom18 to Reliance Industries for $ 517 million. The pact comes two weeks after Disney and Reliance Industries announced a blockbuster $ 8.5 billion deal merging their massive Indian TV and streaming businesses. As part of that agreement, Reliance’s Viacom18 is merging with Disney’s Star […]
Variety