Uday Shankar: Celebs Rumors

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Paramount Global Sells 13% Stake in India’s Viacom18 to Reliance for $517 Million

Todd Spangler NY Digital Editor Paramount Global has sold its 13% ownership stake in TV and streaming company Viacom18 to Reliance Industries for $517 million. Reliance was already the majority owner of Viacom18. The pact comes two weeks after Disney and Reliance Industries announced a blockbuster $8.5 billion deal merging their massive Indian TV and streaming businesses.
variety.com

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