Viacom18-Sony merger called off

According to industry reports, Reliance Jio has decided to retain a majority stake and control over the management

e4m by exchange4media Staff
Published: Oct 5, 2020 10:59 AM  | 1 min read
Sony Viacom

The Viacom18-Sony merger deal has been called off, according to media reports.

Reliance Jio has decided to retain a majority stake and control over the management, reports have said.

As per earlier reports, the deal for the merger of Sony Pictures Networks (SPN) India and Viacom18 was likely to be announced in the third week of September.

Reports also say that some content and production houses have expressed interst in partnering with Jio.

If the deal comes through, the merged entity will together own 77 TV channels, two OTT platforms, three film studios and two digital content studios.

The talks had resumed in July.

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