Reliance tightens grip on Viacom18 after buying out Paramount stake

(Gareth Copley/Getty Images)
(Gareth Copley/Getty Images)
Indian conglomerate Reliance Industries, chaired and run by business mogul Mukesh Ambani, will buy out Paramount Global’s 13-per-cent stake in media group Viacom18 for $517m (€472m).

Subscribe to unlock this article

Explore our subscription options to continue reading our industry-leading content!

Already have an account? Sign in here