Paramount Global Pivots India Strategy: Sells Viacom18 Stake to Reliance, Reinforces Content Licensing via JioCinema
In a significant recalibration of its long-standing presence in one of the world’s fastest-growing entertainment markets, Paramount Global has concluded the sale of its entire 13.01% equity stake in Viacom18 Media Private Limited to India’s conglomerate giant, Reliance Industries. This transaction, valued at approximately $517 million (₹4,286 crore), marks a strategic divestment for the American […]
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