TechFlix

Billionaire Mukesh Ambani,the chairman of Reliance Industries Ltd reportedly is in final stage of acquisition talks with Future Retail led by Kishore Biyani which runs brick and mortar store like Big Bazaar,FBB etc. After the deal RIL will have controlling stake in future retail. This will mark the end of retail journey of Kishore Biyani which started this in India.  They have approximately 1388 stores in India. After this deal RIL will be the undisputed leader in brick and mortar store sector in India. Future  Retail is grappling with cash crunch after it defaulted on a Rs 100-crore ($14-million) repayment on its $500-million foreign currency bonds last week. Promoters have 42% stake in future retail. Let's wait for confirmation from RIL. We will update this article accordingly.

Sony Pictures and Viacom18 india, which is a joint venture between Reliance Industries Ltd(RIL) and US media giant Viacom(51:49) is in talks to merge their operations in India. Post merger Sony would have 74% stake and Viacom18 would have 26% stake. Out of which RIL may get 12%-13%. The deal is in final stage. This won't be a cash deal it will be a stock swapping deal. The deal had taken much longer time due to RIL's ongoing negotiation with Google, Facebook for its Jio platforms. This might be a game changer for sony as it will be in a much better position with 'Colors' to fight Disney india which owns entertainment channels like Star plus,Star bharat etc. They might also merge their respective OTTs Sony Liv and Voot which is not much popular as its competitors like Amazon,Hotstar etc.. Though we don't have any confirmation regarding OTT merger. RIL clearly doesn't want to handle a entertainment channel anymore. It just want content for Jio. So after the deal w...