Reliance and Walt Disney are willing to sell some of their TV channels to secure faster approval for their $8.5 billion mega merger from Indiaโs antitrust watchdog, Reuters reported on Tuesday.
According to the news agency, the two conglomerates are willing to sell fewer than 10 TV channels. However, the concessions are for regional language channels, where the two have significant market share. But both have resisted changes to the lucrative cricket broadcast rights.
The move is likely a bid to alleviate concerns that their merger could create an unfair monopoly. The newly formed entity, if the Reliance-Disney merger goes โฆ