BENGALURU -- The Walt Disney Co. will merge its India unit with Mukesh Ambani's conglomerate Reliance Industries, as the Indian billionaire seeks to dominate the entertainment industry in the world's most populous nation.
Deal to create India's largest television company
Disney characters pose for photographers after their arrival at the airport in Mumbai in January 2006, part of their six nation Asia-Pacific tour. © Reuters
BENGALURU -- The Walt Disney Co. will merge its India unit with Mukesh Ambani's conglomerate Reliance Industries, as the Indian billionaire seeks to dominate the entertainment industry in the world's most populous nation.