Paramount Global Sells Stake in Viacom18 For $517M ...Middle East

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Paramount Global Sells Stake in Viacom18 For $517M
Paramount Global has agreed to sell its 13 percent stake in Indian media company Viacom18 to Reliance Industries. The sale price is approximately $517 million, according to a new securities filing. Reliance, a multinational conglomerate, is already the majority shareholder in Viacom18.  Existing properties at Viacom18 include streaming service JioCinema and channels including Colors, Comedy […]

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