CCI approves amalgamation of Jio Cinema OTT platform with Viacom18 Media

CCI approves amalgamation of Jio Cinema OTT platform with Viacom18 Media

The Competition Commission of India (CCI) approves the amalgamation of the Jio Cinema OTT platform with Viacom 18 Media Private Limited (Viacom18), following an investment by BTS Investment 1 Pte. Ltd. (BTS1) and Reliance Projects & Property Management Services Limited (RPPMSL).

AZB & Partners advised Bodhi Tree (a platform between James Murdoch and Uday Shankar – via BTS Investment 2 Pte. Ltd.; “Bodhi Tree”). The advisory team of AZB & Partners was lead by Partner, Bharat Budholia.

The Proposed Combination involves the amalgamation of the Jio Cinema OTT platform with Viacom 18, following an investment by BTS1 and RPPMSL.

BTS1 is a company incorporated under the laws of Singapore. It is currently in the process of raising capital from various investors including sovereign funds, multinationals, and global institutional investors.

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