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 […]