Disney-Reliance may need to dilute cricket dominance to seal merger deal

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Disney-Reliance may need to dilute cricket dominance to seal merger deal - Business Standard

Quick Summary:

Together, the merged Disney-Reliance entity will also own Indian broadcast rights for other sporting events including the Wimbledon tennis championship, MotoGP and the English Premier League.

One lawyer said if there were no cricket rights, "the deal is dead".

According to seven antitrust lawyers, to keep the deal alive the companies will now have to come up with structural changes to their arrangement or so-called behavioural remedies, or both, which can include selling some of their broadcast rights.