India antitrust body warns Disney, Reliance media merger will hurt rivals – sources

India’s antitrust regulator has raised concerns about the $8.5 billion merger between Reliance and Walt Disney’s media assets, citing potential harm to competition due to their control over cricket broadcast rights. The Competition Commission of India (CCI) has privately informed the companies and requested explanations. The merged entity would dominate India’s entertainment market, competing with major players like Sony and Netflix. The companies have offered to sell some TV channels, but the CCI’s initial assessment suggests more concessions may be needed. Reuters