Paramount Global (NasdaqGS:PARA) is in discussions to sell its stake in its media joint venture in India to Mukesh Ambani?s Reliance Industries Limited (NSEI:RELIANCE), according to people familiar with the matter, as Asia?s richest man continues to consolidate his clout in one of the world?s fastest-growing entertainment markets. The New York-based media company has been in advanced talks to sell its minority stake in Viacom 18 Media Private Limited to Reliance, said the people, who asked to not to be identified as the information is private. Talks between Paramount and Reliance are still ongoing and may not result in a deal, the people said.
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5-day change | 1st Jan Change | ||
2,905 INR | -0.51% | -1.20% | +12.39% |
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Stocks mentioned in the article
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Capi.
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2,905 INR | -0.51% | -1.20% | 221B | ||
11.91 USD | -2.22% | -4.26% | 8.36B | ||
EPS Revisions
1st Jan change | Capi. | |
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+12.39% | 221B | |
+12.58% | 107B | |
+17.36% | 103B | |
+33.72% | 71.49B | |
+13.72% | 64.2B | |
+27.54% | 54.22B | |
+27.93% | 37.8B | |
+32.11% | 28.33B | |
-11.77% | 20.79B | |
+9.44% | 19.12B |
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- News Reliance Industries Ltd
- Paramount Reportedly Said in Talks to Sell India TV Stake to Reliance